Dec, 31, 2023 — GEORGIA'S OWN CREDIT UNION is a federally insured state chartered credit union headquartered in ATLANTA, GA with 33 branch locations and about $4.28 billion in total assets. Opened 90 years ago in 1934, GEORGIA'S OWN CREDIT UNION has about 240,650 members and employs 696 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'S OWN CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Peachtree St NW ATLANTA, GA 30303 |
| Phone: | (404) 874-1166 |
| Fax: | |
| Website: | https://www.georgiasown.org |
| Branches: | 33 branch locations |
| Members: | 240,650 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67390 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,282,369,898 |
| CEO/Manager: | Dave A Preter |
| Chairperson: | Richard E Burns |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 300,907,358 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 349,000 |
| Real Estate Loans | 1,515,438,950 |
| Unsecured Loans | 401,379,144 |
| Other Loans | 1,306,282,474 |
| TOTAL LOANS | 3,223,100,569 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,405,297 |
| Land And Building | 48,480,992 |
| Other Fixed Assets | 43,985,180 |
| NCUSIF Deposit | 32,637,903 |
| All Other Assets | 2,716,550 |
| TOTAL ASSETS | 4,282,369,898 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,148 |
| Notes & Interest Payable | 352,064,096 |
| Accounts Payable & Other Liabilities | 86,100,805 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 50,000,000 |
| Share Drafts | 923,701,746 |
| Regular shares | 1,114,942,856 |
| All Other Shares & Deposits | 1,412,662,289 |
| TOTAL SHARES & DEPOSITS | 3,451,306,892 |
| TOTAL LIABILITIES | 3,939,479,105 |
| Regular Reserve | 0 |
| Other Reserves | -2,543,596 |
| Undivided Earnings | 345,434,389 |
| TOTAL EQUITY | 342,890,793 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,282,369,898 |
| INCOME & EXPENSE | |
| Loan Income | 204,446,102 |
| Investment Income | 22,168,560 |
| Other Income | 23,655,977 |
| Total Employee Compensation & Benefits | 84,345,755 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 66,126,733 |
| Non-operating Income & (Expense) | 7,458,922 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,023,330 |
| Cost of Funds | 74,311,738 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,132,402 |
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