Dec, 31, 2023 — GEISMAR COMPLEX FEDERAL CREDIT UNION is a federal credit union headquartered in GEISMAR, LA with 1 branch location and about $34.13 million in total assets. Opened 44 years ago in 1980, GEISMAR COMPLEX FEDERAL CREDIT UNION has about 2,402 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GEISMAR COMPLEX FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 35294 Highway 30 GEISMAR, LA 70734 |
| Phone: | (225) 673-3371 |
| Fax: | (225) 673-3888 |
| Website: | https://www.gcfcu.net |
| Branches: | 1 branch locations |
| Members: | 2,402 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23620 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1980 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,129,668 |
| CEO/Manager: | Bridget Sonnier |
| Chairperson: | Barry Wilcoxon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,412,526 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,312,291 |
| Unsecured Loans | 2,232,063 |
| Other Loans | 13,140,787 |
| TOTAL LOANS | 20,685,141 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,691 |
| Land And Building | 454,254 |
| Other Fixed Assets | 13,871 |
| NCUSIF Deposit | 314,031 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,129,668 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,927 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 61,782 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,761,069 |
| Regular shares | 20,719,642 |
| All Other Shares & Deposits | 5,202,305 |
| TOTAL SHARES & DEPOSITS | 29,683,016 |
| TOTAL LIABILITIES | 29,750,725 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,378,943 |
| TOTAL EQUITY | 4,378,943 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,129,668 |
| INCOME & EXPENSE | |
| Loan Income | 939,882 |
| Investment Income | 502,699 |
| Other Income | 210,296 |
| Total Employee Compensation & Benefits | 403,153 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 490,375 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,000 |
| Cost of Funds | 108,520 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 698,525 |
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