Dec, 31, 2023 — GOLD CREDIT UNION is a federally insured state chartered credit union headquartered in ALLENTOWN, PA with 2 branch locations and about $142.66 million in total assets. Opened 87 years ago in 1937, GOLD CREDIT UNION has about 9,295 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GOLD CREDIT UNION |
---|---|
Address: (Main Office) | 4703 Hamilton Blvd ALLENTOWN, PA 18103 |
Phone: | (484) 223-4200 |
Fax: | (484) 223-4250 |
Website: | https://www.goldcu.org |
Branches: | 2 branch locations |
Members: | 9,295 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64884 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $142,658,632 |
CEO/Manager: | Cheryl Bartholomew |
Chairperson: | Erin Henry |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 6,267,539 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 74,919,672 |
Unsecured Loans | 14,375,628 |
Other Loans | 18,288,781 |
TOTAL LOANS | 107,584,081 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -841,351 |
Land And Building | 1,631,325 |
Other Fixed Assets | 804,659 |
NCUSIF Deposit | 1,372,514 |
All Other Assets | 0 |
TOTAL ASSETS | 142,658,632 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 641,233 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 20,163,634 |
Regular shares | 54,677,901 |
All Other Shares & Deposits | 57,991,746 |
TOTAL SHARES & DEPOSITS | 132,833,280 |
TOTAL LIABILITIES | 133,474,513 |
Regular Reserve | 0 |
Other Reserves | -1,454,760 |
Undivided Earnings | 10,638,879 |
TOTAL EQUITY | 9,184,119 |
TOTAL LIABILITIES, SHARES, & EQUITY | 142,658,632 |
INCOME & EXPENSE | |
Loan Income | 5,350,594 |
Investment Income | 706,978 |
Other Income | 116,541 |
Total Employee Compensation & Benefits | 4,155,779 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,308,474 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 841,050 |
Cost of Funds | 1,732,845 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,548,700 |
↑ Back to Top |