Dec, 31, 2023 — GREAT HORIZONS FEDERAL CREDIT UNION is a federal credit union headquartered in MUNSTER, IN with 1 branch location and about $3.41 million in total assets. Opened 47 years ago in 1977, GREAT HORIZONS FEDERAL CREDIT UNION has about 483 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: | GREAT HORIZONS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7550 Hohman Ave MUNSTER, IN 46321 |
| Phone: | (219) 513-8872 |
| Fax: | (219) 513-8894 |
| Website: | https://greathorizonsfcu.org |
| Branches: | 1 branch locations |
| Members: | 483 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22695 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,411,212 |
| CEO/Manager: | Laura Franckevicius |
| Chairperson: | Michael Gulley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 529,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 469,764 |
| Unsecured Loans | 276,202 |
| Other Loans | 2,003,227 |
| TOTAL LOANS | 2,749,192 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,194 |
| Land And Building | 0 |
| Other Fixed Assets | 890 |
| NCUSIF Deposit | 29,956 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,411,212 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,172 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,285,328 |
| All Other Shares & Deposits | 375,257 |
| TOTAL SHARES & DEPOSITS | 2,660,586 |
| TOTAL LIABILITIES | 2,682,758 |
| Regular Reserve | 0 |
| Other Reserves | 117,175 |
| Undivided Earnings | 611,279 |
| TOTAL EQUITY | 728,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,411,212 |
| INCOME & EXPENSE | |
| Loan Income | 183,562 |
| Investment Income | 24,963 |
| Other Income | 10,369 |
| Total Employee Compensation & Benefits | 98,201 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 72,976 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,878 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 45,839 |
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