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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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