Dec, 31, 2023 — G.P.O. FEDERAL CREDIT UNION is a federal credit union headquartered in NEW HARTFORD, NY with 8 branch locations and about $507.62 million in total assets. Opened 46 years ago in 1978, G.P.O. FEDERAL CREDIT UNION has about 38,680 members and employs 107 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | G.P.O. FEDERAL CREDIT UNION |
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Address: (Main Office) | 4311 Middle Settlement Rd NEW HARTFORD, NY 13413 |
Phone: | (315) 724-1654 |
Fax: | (315) 737-2990 |
Website: | https://www.gpofcu.com |
Branches: | 8 branch locations |
Members: | 38,680 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22931 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $507,619,165 |
CEO/Manager: | Nicholas Mayhew |
Chairperson: | Leo Callari |
ASSETS: | $ Amount |
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Cash & Equivalents | 42,918,300 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 138,582,864 |
Unsecured Loans | 46,079,806 |
Other Loans | 93,287,582 |
TOTAL LOANS | 277,950,251 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,413,680 |
Land And Building | 10,918,220 |
Other Fixed Assets | 1,640,229 |
NCUSIF Deposit | 4,302,591 |
All Other Assets | 0 |
TOTAL ASSETS | 507,619,165 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,266,239 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 93,473,388 |
Regular shares | 134,715,283 |
All Other Shares & Deposits | 220,206,675 |
TOTAL SHARES & DEPOSITS | 448,395,346 |
TOTAL LIABILITIES | 452,661,585 |
Regular Reserve | 0 |
Other Reserves | 2,360,094 |
Undivided Earnings | 52,597,486 |
TOTAL EQUITY | 54,957,580 |
TOTAL LIABILITIES, SHARES, & EQUITY | 507,619,165 |
INCOME & EXPENSE | |
Loan Income | 14,689,737 |
Investment Income | 5,829,307 |
Other Income | 4,185,716 |
Total Employee Compensation & Benefits | 8,101,083 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,017,033 |
Non-operating Income & (Expense) | -7,009 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,050,000 |
Cost of Funds | 5,224,815 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,772,540 |
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