Dec, 31, 2023 — GEORGIA POWER NORTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in ROME, GA with 3 branch locations and about $90.18 million in total assets. Opened 89 years ago in 1935, GEORGIA POWER NORTHWEST FEDERAL CREDIT UNION has about 7,178 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GEORGIA POWER NORTHWEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 906 N Broad St SE ROME, GA 30161-5231 |
| Phone: | (706) 232-6871 |
| Fax: | (706) 232-6150 |
| Website: | https://www.gpfederal.org |
| Branches: | 3 branch locations |
| Members: | 7,178 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 365 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $90,178,314 |
| CEO/Manager: | ROBERT COLLINS |
| Chairperson: | MARK TRAMMELL |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,892,906 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,186,915 |
| Unsecured Loans | 6,274,978 |
| Other Loans | 51,106,940 |
| TOTAL LOANS | 66,706,610 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -230,762 |
| Land And Building | 1,435,844 |
| Other Fixed Assets | 155,114 |
| NCUSIF Deposit | 826,942 |
| All Other Assets | 106,597 |
| TOTAL ASSETS | 90,178,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 568 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 994,919 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,395,261 |
| Regular shares | 41,081,871 |
| All Other Shares & Deposits | 21,492,916 |
| TOTAL SHARES & DEPOSITS | 81,970,048 |
| TOTAL LIABILITIES | 82,965,535 |
| Regular Reserve | 0 |
| Other Reserves | -20,556 |
| Undivided Earnings | 7,233,335 |
| TOTAL EQUITY | 7,212,779 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,178,314 |
| INCOME & EXPENSE | |
| Loan Income | 2,449,864 |
| Investment Income | 532,436 |
| Other Income | 352,665 |
| Total Employee Compensation & Benefits | 1,192,602 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,609,714 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,797 |
| Cost of Funds | 664,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 483,628 |
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