Dec, 31, 2023 — GESB SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTAGE, IN with 0 branch location and about $11.13 million in total assets. Opened 64 years ago in 1960, GESB SHEET METAL WORKERS FEDERAL CREDIT UNION has about 1,902 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: | GESB SHEET METAL WORKERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6450 Ameriplex Dr PORTAGE, IN 46368-1389 |
| Phone: | (219) 764-3204 |
| Fax: | (219) 764-7405 |
| Website: | https://www.gesbfcu.org |
| Branches: | 0 branch locations |
| Members: | 1,902 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13974 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,129,319 |
| CEO/Manager: | Michele K Mihal |
| Chairperson: | Michael Bippus |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 346,027 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 830,455 |
| Unsecured Loans | 213,510 |
| Other Loans | 5,639,571 |
| TOTAL LOANS | 6,683,536 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,099 |
| Land And Building | 0 |
| Other Fixed Assets | 10,148 |
| NCUSIF Deposit | 101,411 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,129,319 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 43,554 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,322 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 961,456 |
| Regular shares | 8,037,589 |
| All Other Shares & Deposits | 1,061,398 |
| TOTAL SHARES & DEPOSITS | 10,060,445 |
| TOTAL LIABILITIES | 10,105,321 |
| Regular Reserve | 0 |
| Other Reserves | 181,100 |
| Undivided Earnings | 842,898 |
| TOTAL EQUITY | 1,023,998 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,129,319 |
| INCOME & EXPENSE | |
| Loan Income | 362,127 |
| Investment Income | 98,142 |
| Other Income | 60,056 |
| Total Employee Compensation & Benefits | 181,181 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 228,368 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,000 |
| Cost of Funds | 17,326 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 93,909 |
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