Dec, 31, 2023 — GARY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GARY, IN with 1 branch location and about $502,603 in total assets. Opened 60 years ago in 1964, GARY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 137 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GARY MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 401 Broadway GARY, IN 46402 |
Phone: | (219) 881-1320 |
Fax: | (219) 881-1340 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 137 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 16126 |
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Membership Type: | Federal, State, Local Government |
Corporate Credit Union: | No |
Year Opened: | 1964 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $502,603 |
CEO/Manager: | KATRINA STINSON |
Chairperson: | KWABENA OFORI |
ASSETS: | $ Amount |
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Cash & Equivalents | 148,331 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 112,073 |
Other Loans | 0 |
TOTAL LOANS | 112,072 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,187 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 2,811 |
All Other Assets | 0 |
TOTAL ASSETS | 502,603 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,168 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 283,291 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 283,291 |
TOTAL LIABILITIES | 288,459 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 214,144 |
TOTAL EQUITY | 214,144 |
TOTAL LIABILITIES, SHARES, & EQUITY | 502,603 |
INCOME & EXPENSE | |
Loan Income | 16,563 |
Investment Income | 10,587 |
Other Income | 1,936 |
Total Employee Compensation & Benefits | 12,918 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,852 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 671 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,536 |
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