Dec, 31, 2023 — GSA FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $40.66 million in total assets. Opened 87 years ago in 1937, GSA FEDERAL CREDIT UNION has about 5,468 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: | GSA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1800 F St NW # 1211 WASHINGTON, DC 20405-0001 |
Phone: | (202) 876-2121 |
Fax: | (202) 208-4023 |
Website: | https://www.gsafcu.gsa.gov |
Branches: | 1 branch locations |
Members: | 5,468 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2299 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,660,804 |
CEO/Manager: | Jerome P Malvin |
Chairperson: | Nathan Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,769,963 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 10,451,843 |
Unsecured Loans | 5,625,890 |
Other Loans | 8,869,681 |
TOTAL LOANS | 24,947,414 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -138,261 |
Land And Building | 0 |
Other Fixed Assets | 131,369 |
NCUSIF Deposit | 332,816 |
All Other Assets | 0 |
TOTAL ASSETS | 40,660,804 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 319,075 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,138,387 |
Regular shares | 16,507,508 |
All Other Shares & Deposits | 10,453,156 |
TOTAL SHARES & DEPOSITS | 36,099,051 |
TOTAL LIABILITIES | 36,418,126 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,242,678 |
TOTAL EQUITY | 4,242,678 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,660,804 |
INCOME & EXPENSE | |
Loan Income | 1,110,738 |
Investment Income | 303,757 |
Other Income | 423,941 |
Total Employee Compensation & Benefits | 689,067 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 702,869 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,500 |
Cost of Funds | 295,885 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 121,516 |
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