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GENUINE PARTS CREDIT UNION

Dec, 31, 2023 — GENUINE PARTS CREDIT UNION is a federally insured state chartered credit union headquartered in NORCROSS, GA with 1 branch location and about $12.41 million in total assets. Opened 87 years ago in 1937, GENUINE PARTS CREDIT UNION has about 1,587 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GENUINE PARTS CREDIT UNION
Address:
(Main Office)
5420 Peachtree Industrial Blvd
NORCROSS, GA 30071
Phone:(770) 246-4362
Fax:(770) 246-4482
Website:https://www.gpcu.net
Branches:1 branch locations
Members:1,587
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67382
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1937
Last Audited:Apr 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$12,408,437
CEO/Manager:Holly D McPherson
Chairperson:Leslie Beck

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 475,478
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 837,614
 Other Loans 2,369,802
 TOTAL LOANS 3,207,416
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -171,172
 Land And Building 557
 Other Fixed Assets 109,409
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 12,408,437
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 500,000
 Accounts Payable & Other Liabilities 91,197
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 104,035
 Regular shares 9,265,809
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 9,369,844
  TOTAL LIABILITIES 9,961,041
 Regular Reserve 0
 Other Reserves 225,762
 Undivided Earnings 2,221,634
  TOTAL EQUITY 2,447,396
  TOTAL LIABILITIES, SHARES, & EQUITY 12,408,437
INCOME & EXPENSE  
 Loan Income 209,826
 Investment Income 504,101
 Other Income 8,684
 Total Employee Compensation & Benefits 400,247
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 161,733
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 25,000
 Cost of Funds 219,831
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -78,540
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