Dec, 31, 2023 — GEORGIA POWER VALDOSTA FEDERAL CREDIT UNION is a federal credit union headquartered in VALDOSTA, GA with 1 branch location and about $24.91 million in total assets. Opened 66 years ago in 1958, GEORGIA POWER VALDOSTA FEDERAL CREDIT UNION has about 2,896 members and employs 7 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 VALDOSTA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1707 Dow St VALDOSTA, GA 31601 |
Phone: | (229) 253-1111 |
Fax: | (229) 293-9174 |
Website: | https://www.gpvfcu.com |
Branches: | 1 branch locations |
Members: | 2,896 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 12291 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,913,688 |
CEO/Manager: | Kim Cowart |
Chairperson: | Lloyd Green |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,486,792 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,574,000 |
Unsecured Loans | 2,271,796 |
Other Loans | 9,909,621 |
TOTAL LOANS | 13,755,417 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,818 |
Land And Building | 330,197 |
Other Fixed Assets | 8,087 |
NCUSIF Deposit | 198,242 |
All Other Assets | 0 |
TOTAL ASSETS | 24,913,688 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 91,846 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,611,961 |
Regular shares | 9,117,686 |
All Other Shares & Deposits | 9,022,384 |
TOTAL SHARES & DEPOSITS | 21,752,031 |
TOTAL LIABILITIES | 21,847,319 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,066,369 |
TOTAL EQUITY | 3,066,369 |
TOTAL LIABILITIES, SHARES, & EQUITY | 24,913,688 |
INCOME & EXPENSE | |
Loan Income | 825,039 |
Investment Income | 166,841 |
Other Income | 314,544 |
Total Employee Compensation & Benefits | 395,650 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 579,441 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,393 |
Cost of Funds | 248,534 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 35,795 |
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