POWERCO STAFF MAIN OFFICE · Susan C. Beeching, Customer Service Rep. II Tammy Dobbs, Member...
Transcript of POWERCO STAFF MAIN OFFICE · Susan C. Beeching, Customer Service Rep. II Tammy Dobbs, Member...
POWERCO STAFF MAIN OFFICE
241 Ralph McGill Boulevard, NE
Atlanta, Georgia 30308
9 AM - 4 PM ATM Location
30 ALLEN PLAZA BRANCH
30 Ivan Allen Jr. Boulevard, NW Suite 110 Atlanta, GA 30308
9 AM - 1 PM 2 PM - 4 PM
ATM Location
FOREST PARK BRANCH
62 Lake Mirror Road, Bldg. 12 Forest Park, GA 30297
9 AM - 1 PM 2 PM - 4 PM
ATM Location
COBB BRANCH
2135 Roswell Road Marietta, GA 30062
9 AM - 1 PM 2 PM - 4 PM
Drive Thru Location ATM Location
HENRY COUNTY BRANCH
2500 Patrick Henry Parkway McDonough, GA 30253
9 AM - 1 PM 2 PM - 4 PM
ATM Location
ATHENS BRANCH
285 Newton Bridge Road Athens, GA 30607
9 AM - 12 PM 1 PM - 4 PM
Drive Thru Location
SAVANNAH BRANCH
3101 Kilowatt Drive Savannah, GA 31405
9 AM - 1 PM 2 PM - 4 PM
ATM Location
GULFPORT BRANCH
2201 17th Street Gulfport, MS 39501
9 AM - 3 PM (Central Time)
ADDITIONAL ATM LOCATIONS Plant Daniel Plant Hatch Plant Scherer Plant Vogtle
Mississippi Power Company Coast Division Service Center
Mississippi Power Company General Office
Mississippi Power Company Operation Center
2829 13th Street, Gulfport, MS
420 West Pine Street, Hattiesburg, MS
2401 11th Street, Meridian, MS
Over 35,000 additional surcharge-free ATM locations
are available through the CULIANCE® ATM Network,
including Publix® Presto!® ATMs.
PPPPOWERCOOWERCOOWERCOOWERCO FFFFEDERALEDERALEDERALEDERAL CCCCREDITREDITREDITREDIT UUUUNIONNIONNIONNION
(404) 506(404) 506(404) 506(404) 506----3750 & 13750 & 13750 & 13750 & 1----800800800800----633633633633----5217521752175217
Polly: Polly: Polly: Polly: (404) 506(404) 506(404) 506(404) 506----4731 & 14731 & 14731 & 14731 & 1----800800800800----633633633633----5216521652165216
Fax: Fax: Fax: Fax: (404) 506(404) 506(404) 506(404) 506----3787378737873787
WWWWWWWWWWWW....POWERCOPOWERCOPOWERCOPOWERCO....ORGORGORGORG
This credit union is federally insured by the National Credit Union Administration.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS# 762143
ANNUAL REPORT
Dan Blalock, President & CEO
Nancy C. McCracken, Chief Information Officer
Diane O’Toole, Vice President of Branch and Loan Operations
Stephanie B. Smith, Vice President of Marketing
Marcia E. Tidmore, Chief Financial Officer
Operations
Leigh Boulware, Compliance Coordinator
Lynn Barry, Mortgage Loan Manager
Lori Batey, Accounts Payable Specialist
Alina Frolova, Accountant
Sabrina Jarvis, Manager, Human Resources & Administration
Crystal A. Pollard, Card Operations Manager
Jimmy Thompson, System Support Associate
Main Office
Stephanie Fuller, Sr. Branch Manager
Susan C. Beeching, Customer Service Rep. II
Tammy Dobbs, Member Relations Assistant
Katherine Euliano, Customer Service Rep.
Deborah Herron, Member Service Specialist
Amber Redmond, Receptionist/Customer Service Rep.
Kelley E. Richards, Consumer Lending Manager
Patty Storey, Customer Service Rep.
30 Allen Plaza Branch
Almelia B. Anderson, Branch Manager
Karen L. Gill, Sr. Member Service Specialist
Athens Branch
Meagan Booth, Customer Service Rep.
Taylor Noltensmeier, Customer Service Rep.
Cobb Branch
Leigh Anderson, Branch Manager
Chris McDermid, Loan Assistant
Forest Park Branch
Sherry A. Day, Branch Manager
Mary Brock, Customer Service Rep.
Gulfport Branch
Myra Easterling, Branch Manager
Tammy Agregaard, Customer Service Rep.
Nikki Olson, Loan Assistant
Henry County Branch
Brandy D. Alpough, EFT/Checking Manager
Savannah Branch
Tammy Donovan, Branch Manager
Keely Hughes, Customer Service Rep.
Powerco Federal Credit Union is a federally insured financial institution headquartered in Atlanta, Georgia. Chartered in 1935, Powerco is one of the largest credit unions in the state of Georgia.
Members and their families are served by dedicated professionals in 8 offices throughout Georgia and Mississippi. Powerco is committed to providing excellent service and continued product development to meet the growing financial needs of its membership.
Membership in Powerco Federal Credit Union is exclusively for employees of Georgia Power Company, Southern Company Services, Mississippi Power Company, Southern LINC, other Southern Company subsidiaries and affiliates, as well as select employee groups, persons retired from the above employments, any family members of employees of these companies, and family members of a Powerco Federal Credit Union
member.
BOARD OF DIRECTORS
Janet S. Katzenberger, Chair
Dan Blalock, President & CEO
Keith W. Smith, Vice Chair
Mike Pannullo, Treasurer
Donna Via, Secretary
Chris D’Andrea
Martha Benson
Deanna Moultry
Bill Parmer
CREDIT COMMITTEE
Valerie D. Searcy, Chair Marlon Oliver
Mike Protsman
Alicia Russell
Kim Thomas
SUPERVISORY COMMITTEE
Emi Rahn, Chair
John E. Brown
Tommy Tucker
2019
$ 79,131,181 218,691 $ 78,912,490 0 7,410,293 79,733,996 368,097 543,462 1,849,770 $ 168,818,108 $ 842,134 535 185,926 $ 1,028,595 $ 66,860,255 26,695,129 26,659,842 22,865,500 3,567,119 20,553,181
(49,130) 637,616 $ 167,789,512 $ 168,818,107
2018
$ 76,250,011 157,249 $ 76,092,762 513,525 7,099,576 89,671,830 318,485 586,319 1,954,343 $ 176,236,840 $ 239,708 69 199,282 $ 439,059 $ 68,563,610 25,176,148 31,913,463 24,717,395 3,567,119 20,401,890 (179,460)
637,616 $ 174,797,781 $ 175,236,840
INCREASE (DECREASE)
$ 2,881,170 61,442 $ 2,819,728
(513,525)
310,717 (9,937,834)
49,612 (42,857)
(104,573)
$ (7,418,732)
$ 602,426 466
(13,356)
$ 589,536
$ (1,703,355) 1,518,981
(5,253,621) (1,851,895)
(0) 151,291 130,330 0 $ (7,008,269)
$ (6,418,733)
As of December 31
INCOME
Interest on Loans Income from Investments Miscellaneous Operating Income
TOTAL INCOME
EXPENSES Compensation Employee Benefits Travel and Conference Expenses Association Dues Office Occupancy Expenses Office Operations Expenses Educational and Promotional Expenses Loan Servicing Expenses Professional and Outside Services Provision for Loan Losses NCUSIF Stabilization Expense Federal Operating Fee Cash Over and Short Annual Meeting Expense Miscellaneous Operating Expenses
TOTAL EXPENSES Gain (loss) on Asset Disposal
NET INCOME Dividends Paid to Members Transferred to Regular Reserve Transferred to Undivided Earnings
2019
$ 3,432,965 1,984,735 888,332 $ 6,306,032 $ 2,960,767 507,421 18,736 41,528 230,029 1,334,842 30,420 179,987 311,980 206,017 0 54,685 345 2,983 3,149 $ 5,882,888 $ 3,600 $ 426,744
$ 275,454 $ 0 $ 151,290
2018
$ 3,278,353 1,745,230 1,213,630 $ 6,237,213 $ 2,253,789 389,603 18,432 0 237,194 1,168,550 33,289 181,984 164,451 130,000 0 40,509 838 51 52,888
$ 4,671,578 $ 0 $ 1,565,635
$ 210,623 $ 0 $ 1,355,012
INCREASE (DECREASE)
$ 154,612 239,505
(325,298)
$ 68,819
$ 706,978 117,818 304 41,528
(7,165) 166,292
(2,869) (1,997)
147,529 76,017 0 14,176
(493) 2,932
(49,739)
$ 1,211,310 $ 0
$ (1,138,891) $ 64,831 $ 0 $ (1,203,722)
For the Period Ending December 31
COMPARATIVE STATEMENT OF FINANCIAL CONDITION COMPARATIVE STATEMENT OF INCOME
ASSETS
Loans Less: Allowance for Loan Losses Net Accounts Receivable Cash Investments Accrued Income Fixed Assets (Net) Other Assets
TOTAL ASSETS
LIABILITIES AND EQUITY Accounts Payable Accrued Dividends Payable Other Liabilities
TOTAL LIABILITIES Regular Shares Checking Accounts Money Market Accounts Share Certificates Regular Reserve Undivided Earnings Accum Unreal G/L on AFS Investments Capital - Merged Credit Union
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY
The year 2019 was one of growth and
innovation for Powerco Federal Credit Union.
We ended the year on solid footing and stand
poised to leap into 2020 with our sight set
on a visionary year.
2020 will mark Powerco’s 85th anniversary.
Throughout this momentous year we will
unveil more powerful products, loans and
services to help you focus on building your
financial future. And, we’ll never lose sight of
our members — they are the “you” in Powerco
Federal Credit Union.