Dec, 31, 2023 — G G W FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $939,020 in total assets. Opened 61 years ago in 1963, G G W FEDERAL CREDIT UNION has about 143 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | G G W FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2128 Jackson Ave NEW ORLEANS, LA 70113 |
| Phone: | (504) 522-2525 |
| Fax: | (504) 522-2805 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 143 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15588 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $939,020 |
| CEO/Manager: | Alvin H Phoenix |
| Chairperson: | Carolyn Taplett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 518,427 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 100,737 |
| Other Loans | 173,005 |
| TOTAL LOANS | 273,742 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,773 |
| Land And Building | 0 |
| Other Fixed Assets | 1,727 |
| NCUSIF Deposit | 6,763 |
| All Other Assets | 0 |
| TOTAL ASSETS | 939,020 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 268,130 |
| All Other Shares & Deposits | 430,014 |
| TOTAL SHARES & DEPOSITS | 698,144 |
| TOTAL LIABILITIES | 698,144 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 240,876 |
| TOTAL EQUITY | 240,876 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 939,020 |
| INCOME & EXPENSE | |
| Loan Income | 27,722 |
| Investment Income | 9,580 |
| Other Income | 756 |
| Total Employee Compensation & Benefits | 24,317 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,216 |
| Non-operating Income & (Expense) | 9,697 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 5,990 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,232 |
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