Dec, 31, 2023 — LOCOGA FEDERAL CREDIT UNION is a federal credit union headquartered in VALDOSTA, GA with 2 branch locations and about $4.61 million in total assets. Opened 64 years ago in 1960, LOCOGA FEDERAL CREDIT UNION has about 710 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOCOGA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1592 Norman Dr VALDOSTA, GA 31601-3581 |
Phone: | (229) 244-4513 |
Fax: | (229) 244-5995 |
Website: | https://www.locogafcu.com |
Branches: | 2 branch locations |
Members: | 710 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13516 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,609,055 |
CEO/Manager: | Peggy A Daniels |
Chairperson: | Calvin M Walker |
ASSETS: | $ Amount |
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Cash & Equivalents | 487,756 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 801,250 |
Other Loans | 2,190,491 |
TOTAL LOANS | 2,991,741 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,647 |
Land And Building | 0 |
Other Fixed Assets | 21,989 |
NCUSIF Deposit | 43,439 |
All Other Assets | 0 |
TOTAL ASSETS | 4,609,055 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 65,492 |
Accounts Payable & Other Liabilities | 5,460 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 454,518 |
Regular shares | 2,298,248 |
All Other Shares & Deposits | 1,349,307 |
TOTAL SHARES & DEPOSITS | 4,102,073 |
TOTAL LIABILITIES | 4,173,025 |
Regular Reserve | 0 |
Other Reserves | 63,229 |
Undivided Earnings | 372,801 |
TOTAL EQUITY | 436,030 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,609,055 |
INCOME & EXPENSE | |
Loan Income | 197,685 |
Investment Income | 34,078 |
Other Income | 30,581 |
Total Employee Compensation & Benefits | 59,914 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 115,720 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,070 |
Cost of Funds | 25,081 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 60,834 |
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