Dec, 31, 2023 — GUARDIANS CREDIT UNION is a federally insured state chartered credit union headquartered in WEST PALM BEACH, FL with 5 branch locations and about $288.58 million in total assets. Opened 33 years ago in 1991, GUARDIANS CREDIT UNION has about 37,034 members and employs 89 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GUARDIANS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3469 Summit Blvd WEST PALM BEACH, FL 33406 |
| Phone: | (561) 686-4006 |
| Fax: | (561) 687-9943 |
| Website: | https://www.guardianscu.coop |
| Branches: | 5 branch locations |
| Members: | 37,034 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67521 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1991 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $288,582,486 |
| CEO/Manager: | Steven Bosack |
| Chairperson: | Herbert F Kahlert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,918,989 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,380,202 |
| Unsecured Loans | 24,949,749 |
| Other Loans | 101,227,501 |
| TOTAL LOANS | 227,557,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,881,237 |
| Land And Building | 10,025,854 |
| Other Fixed Assets | 1,147,470 |
| NCUSIF Deposit | 2,392,872 |
| All Other Assets | 0 |
| TOTAL ASSETS | 288,582,486 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,946,698 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 70,778,766 |
| Regular shares | 120,731,164 |
| All Other Shares & Deposits | 52,884,993 |
| TOTAL SHARES & DEPOSITS | 244,394,923 |
| TOTAL LIABILITIES | 246,341,621 |
| Regular Reserve | 0 |
| Other Reserves | 9,661,671 |
| Undivided Earnings | 32,579,194 |
| TOTAL EQUITY | 42,240,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 288,582,486 |
| INCOME & EXPENSE | |
| Loan Income | 10,550,291 |
| Investment Income | 1,541,215 |
| Other Income | 3,269,834 |
| Total Employee Compensation & Benefits | 4,695,569 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,889,943 |
| Non-operating Income & (Expense) | 1,189,442 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,485,976 |
| Cost of Funds | 677,575 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,541,910 |
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