Dec, 31, 2023 — G.A.P. FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 5 branch locations and about $67.11 million in total assets. Opened 87 years ago in 1937, G.A.P. FEDERAL CREDIT UNION has about 6,316 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | G.A.P. FEDERAL CREDIT UNION |
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Address: (Main Office) | 111 Franklin St Rm 224 JOHNSTOWN, PA 15901 |
Phone: | (814) 535-4165 |
Fax: | (814) 535-2175 |
Website: | https://www.gapfcu.org |
Branches: | 5 branch locations |
Members: | 6,316 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2405 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $67,110,881 |
CEO/Manager: | Diane G Lopez |
Chairperson: | Wendy Hudak |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,905,771 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,173,281 |
Unsecured Loans | 8,491,489 |
Other Loans | 15,613,345 |
TOTAL LOANS | 32,278,115 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -388,795 |
Land And Building | 158,804 |
Other Fixed Assets | 52,962 |
NCUSIF Deposit | 593,291 |
All Other Assets | 0 |
TOTAL ASSETS | 67,110,881 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,183 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 247,046 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,578,949 |
Regular shares | 36,902,374 |
All Other Shares & Deposits | 10,231,175 |
TOTAL SHARES & DEPOSITS | 58,712,498 |
TOTAL LIABILITIES | 58,961,727 |
Regular Reserve | 0 |
Other Reserves | 676,020 |
Undivided Earnings | 7,473,134 |
TOTAL EQUITY | 8,149,154 |
TOTAL LIABILITIES, SHARES, & EQUITY | 67,110,881 |
INCOME & EXPENSE | |
Loan Income | 1,782,298 |
Investment Income | 794,588 |
Other Income | 92,089 |
Total Employee Compensation & Benefits | 840,524 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,015,632 |
Non-operating Income & (Expense) | 444,360 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,284 |
Cost of Funds | 241,518 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 904,443 |
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