Dec, 31, 2023 — GORMAN-RUPP & ASSOCIATES CREDIT UNION is a non-federally insured state credit union headquartered in MANSFIELD, OH with 1 branch location and about $14.18 million in total assets. Opened 2024 years ago in 0, GORMAN-RUPP & ASSOCIATES CREDIT UNION has about 1,509 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GORMAN-RUPP & ASSOCIATES CREDIT UNION |
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Address: (Main Office) | 1766 Harrington Memorial Rd MANSFIELD, OH 44903 |
Phone: | (419) 525-3800 |
Fax: | (419) 525-3817 |
Website: | https://grohiocu.com |
Branches: | 1 branch locations |
Members: | 1,509 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 96719 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 0 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,183,829 |
CEO/Manager: | Abbie L Eith |
Chairperson: | Carly Hollar |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,362,597 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 731,143 |
Other Loans | 9,877,410 |
TOTAL LOANS | 10,608,553 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,428 |
Land And Building | 246,308 |
Other Fixed Assets | 46,850 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 14,183,829 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,671 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,492,295 |
Regular shares | 4,726,645 |
All Other Shares & Deposits | 6,632,808 |
TOTAL SHARES & DEPOSITS | 12,851,748 |
TOTAL LIABILITIES | 12,885,419 |
Regular Reserve | 0 |
Other Reserves | 360,515 |
Undivided Earnings | 937,895 |
TOTAL EQUITY | 1,298,410 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,183,829 |
INCOME & EXPENSE | |
Loan Income | 755,814 |
Investment Income | 92,013 |
Other Income | 134,290 |
Total Employee Compensation & Benefits | 330,138 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 311,815 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,000 |
Cost of Funds | 248,423 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 91,156 |
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