Dec, 31, 2023 — GATEWAY CREDIT UNION is a federally insured state chartered credit union headquartered in CLARKSVILLE, TN with 1 branch location and about $13.61 million in total assets. Opened 65 years ago in 1959, GATEWAY CREDIT UNION has about 1,882 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GATEWAY CREDIT UNION |
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Address: (Main Office) | 100 Otis Smith Dr CLARKSVILLE, TN 37043-8939 |
Phone: | (931) 551-8271 |
Fax: | (931) 551-3357 |
Website: | https://www.gatewaycreditunion.com |
Branches: | 1 branch locations |
Members: | 1,882 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68171 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $13,613,521 |
CEO/Manager: | Annette Passe |
Chairperson: | James C Watts |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,401,232 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,383,806 |
Unsecured Loans | 1,664,651 |
Other Loans | 6,201,435 |
TOTAL LOANS | 9,249,892 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,478 |
Land And Building | 848,012 |
Other Fixed Assets | 69,039 |
NCUSIF Deposit | 122,313 |
All Other Assets | 264,575 |
TOTAL ASSETS | 13,613,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 35,167 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 125,444 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,752,520 |
Regular shares | 5,592,518 |
All Other Shares & Deposits | 4,057,044 |
TOTAL SHARES & DEPOSITS | 12,402,082 |
TOTAL LIABILITIES | 12,562,693 |
Regular Reserve | 0 |
Other Reserves | 623,752 |
Undivided Earnings | 427,076 |
TOTAL EQUITY | 1,050,828 |
TOTAL LIABILITIES, SHARES, & EQUITY | 13,613,521 |
INCOME & EXPENSE | |
Loan Income | 510,177 |
Investment Income | 103,570 |
Other Income | 217,363 |
Total Employee Compensation & Benefits | 299,746 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 398,832 |
Non-operating Income & (Expense) | 29,606 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,342 |
Cost of Funds | 60,567 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,229 |
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