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LOCAL 461 FEDERAL CREDIT UNION

Dec, 31, 2023 — LOCAL 461 FEDERAL CREDIT UNION is a federal credit union headquartered in MACON, GA with 1 branch location and about $1.35 million in total assets. Opened 51 years ago in 1973, LOCAL 461 FEDERAL CREDIT UNION has about 541 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:LOCAL 461 FEDERAL CREDIT UNION
Address:
(Main Office)
1038 GUY PAINE RD
MACON, GA 31206
Phone:(478) 788-2539
Fax:(478) 781-5163
Website:n/a
Branches:1 branch locations
Members:541
Credit Union Type:Federal Credit Union
Charter Number:21297
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1973
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,351,172
CEO/Manager:MARCI W BARTON
Chairperson:WILLIAM R FLOWERS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 263,345
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 74,985
 Other Loans 840,628
 TOTAL LOANS 915,613
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,267
 Land And Building 0
 Other Fixed Assets 5
 NCUSIF Deposit 11,339
 All Other Assets 0
  TOTAL ASSETS 1,351,172
LIABILITIES & CAPITAL:  
 Dividends Payable 372
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,175
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 861,373
 All Other Shares & Deposits 286,351
  TOTAL SHARES & DEPOSITS 1,147,724
  TOTAL LIABILITIES 1,158,271
 Regular Reserve 0
 Other Reserves 49,288
 Undivided Earnings 143,613
  TOTAL EQUITY 192,901
  TOTAL LIABILITIES, SHARES, & EQUITY 1,351,172
INCOME & EXPENSE  
 Loan Income 54,046
 Investment Income 2,929
 Other Income 2,855
 Total Employee Compensation & Benefits 38,917
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 20,971
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 2,121
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 920
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