Dec, 31, 2023 — GREATER ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in PARAMUS, NJ with 3 branch locations and about $243.76 million in total assets. Opened 87 years ago in 1937, GREATER ALLIANCE FEDERAL CREDIT UNION has about 22,461 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREATER ALLIANCE FEDERAL CREDIT UNION |
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Address: (Main Office) | 40 W Century Rd PARAMUS, NJ 07652-1454 |
Phone: | (888) 554-2328 |
Fax: | (201) 986-7538 |
Website: | https://www.greateralliance.org |
Branches: | 3 branch locations |
Members: | 22,461 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2182 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $243,764,685 |
CEO/Manager: | Glenn Guinto |
Chairperson: | Richard Vega |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,691,941 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 134,669,359 |
Unsecured Loans | 32,867,482 |
Other Loans | 16,362,616 |
TOTAL LOANS | 183,910,938 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,736,641 |
Land And Building | 11,518,812 |
Other Fixed Assets | 715,317 |
NCUSIF Deposit | 2,119,659 |
All Other Assets | 0 |
TOTAL ASSETS | 243,764,685 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 271 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,485,209 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,870,017 |
Regular shares | 125,834,476 |
All Other Shares & Deposits | 65,457,022 |
TOTAL SHARES & DEPOSITS | 219,161,515 |
TOTAL LIABILITIES | 222,646,995 |
Regular Reserve | 0 |
Other Reserves | -457,001 |
Undivided Earnings | 21,574,691 |
TOTAL EQUITY | 21,117,690 |
TOTAL LIABILITIES, SHARES, & EQUITY | 243,764,685 |
INCOME & EXPENSE | |
Loan Income | 10,655,645 |
Investment Income | 567,281 |
Other Income | 3,011,187 |
Total Employee Compensation & Benefits | 5,733,715 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,642,975 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,178,839 |
Cost of Funds | 2,525,233 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 57,191 |
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