Dec, 31, 2023 — LANIER FEDERAL CREDIT UNION is a federal credit union headquartered in OAKWOOD, GA with 3 branch locations and about $66.60 million in total assets. Opened 55 years ago in 1969, LANIER FEDERAL CREDIT UNION has about 7,309 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LANIER FEDERAL CREDIT UNION |
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Address: (Main Office) | 3718 Mundy Mill Rd OAKWOOD, GA 30566-3417 |
Phone: | (770) 503-1765 |
Fax: | (770) 503-1865 |
Website: | https://www.lanierfcu.org |
Branches: | 3 branch locations |
Members: | 7,309 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19552 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $66,602,927 |
CEO/Manager: | Todd A Jones |
Chairperson: | Danny J Owen |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,206,702 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,262,147 |
Unsecured Loans | 3,904,234 |
Other Loans | 41,511,555 |
TOTAL LOANS | 54,493,851 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,258 |
Land And Building | 1,723,007 |
Other Fixed Assets | 906,829 |
NCUSIF Deposit | 599,526 |
All Other Assets | 256,296 |
TOTAL ASSETS | 66,602,927 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 93,576 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 431,924 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,589,189 |
Regular shares | 26,527,449 |
All Other Shares & Deposits | 23,914,505 |
TOTAL SHARES & DEPOSITS | 60,031,143 |
TOTAL LIABILITIES | 60,556,643 |
Regular Reserve | 0 |
Other Reserves | 682,848 |
Undivided Earnings | 5,363,436 |
TOTAL EQUITY | 6,046,284 |
TOTAL LIABILITIES, SHARES, & EQUITY | 66,602,927 |
INCOME & EXPENSE | |
Loan Income | 2,842,548 |
Investment Income | 440,056 |
Other Income | 190,090 |
Total Employee Compensation & Benefits | 1,329,376 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,939,406 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 47,318 |
Cost of Funds | 439,206 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 770,844 |
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