Dec, 31, 2023 — GRAND JUNCTION FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND JUNCTION, CO with 1 branch location and about $89.73 million in total assets. Opened 67 years ago in 1957, GRAND JUNCTION FEDERAL CREDIT UNION has about 5,334 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRAND JUNCTION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 633 24 Rd GRAND JUNCTION, CO 81505 |
| Phone: | (970) 243-1370 |
| Fax: | (970) 241-3010 |
| Website: | https://www.grandjunctionfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,334 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11718 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $89,734,968 |
| CEO/Manager: | Karen Troester |
| Chairperson: | Dan Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,608,621 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,365,363 |
| Unsecured Loans | 2,298,597 |
| Other Loans | 27,479,735 |
| TOTAL LOANS | 55,143,695 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -774,860 |
| Land And Building | 3,830,380 |
| Other Fixed Assets | 64,943 |
| NCUSIF Deposit | 731,042 |
| All Other Assets | 0 |
| TOTAL ASSETS | 89,734,968 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 159,457 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,449,739 |
| Regular shares | 30,631,039 |
| All Other Shares & Deposits | 31,142,605 |
| TOTAL SHARES & DEPOSITS | 74,223,384 |
| TOTAL LIABILITIES | 74,382,841 |
| Regular Reserve | 0 |
| Other Reserves | 796,462 |
| Undivided Earnings | 14,555,665 |
| TOTAL EQUITY | 15,352,127 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 89,734,968 |
| INCOME & EXPENSE | |
| Loan Income | 3,040,078 |
| Investment Income | 520,819 |
| Other Income | 95,252 |
| Total Employee Compensation & Benefits | 1,377,879 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,225,975 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 773,284 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 619,011 |
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