Dec, 31, 2023 — PEACH STATE FEDERAL CREDIT UNION is a federal credit union headquartered in LAWRENCEVILLE, GA with 27 branch locations and about $963.31 million in total assets. Opened 63 years ago in 1961, PEACH STATE FEDERAL CREDIT UNION has about 69,975 members and employs 252 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PEACH STATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1505 Lakes Pkwy Ste 100 LAWRENCEVILLE, GA 30043 |
| Phone: | (678) 889-4328 |
| Fax: | (678) 225-4518 |
| Website: | https://www.peachstatefcu.org |
| Branches: | 27 branch locations |
| Members: | 69,975 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14676 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $963,306,568 |
| CEO/Manager: | R. Marshall Boutwell |
| Chairperson: | David Welden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 77,417,989 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 289,203,835 |
| Unsecured Loans | 42,228,668 |
| Other Loans | 407,382,993 |
| TOTAL LOANS | 738,815,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,839,205 |
| Land And Building | 18,583,086 |
| Other Fixed Assets | 1,356,160 |
| NCUSIF Deposit | 7,530,179 |
| All Other Assets | 259,593 |
| TOTAL ASSETS | 963,306,568 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 62,000,000 |
| Accounts Payable & Other Liabilities | 16,257,740 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 184,727,896 |
| Regular shares | 399,583,311 |
| All Other Shares & Deposits | 224,232,702 |
| TOTAL SHARES & DEPOSITS | 808,543,910 |
| TOTAL LIABILITIES | 886,801,650 |
| Regular Reserve | 0 |
| Other Reserves | 20,053,873 |
| Undivided Earnings | 56,451,045 |
| TOTAL EQUITY | 76,504,918 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 963,306,568 |
| INCOME & EXPENSE | |
| Loan Income | 39,845,163 |
| Investment Income | 3,247,418 |
| Other Income | 7,867,939 |
| Total Employee Compensation & Benefits | 20,521,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,113,374 |
| Non-operating Income & (Expense) | 1,656,828 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,805,000 |
| Cost of Funds | 9,288,648 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,346,298 |
| ↑ Back to Top | |