Dec, 31, 2023 — GORMAN-RUPP & ASSOCIATES CREDIT UNION is a non-federally insured state credit union headquartered in MANSFIELD, OH with 1 branch location and about $14.18 million in total assets. Opened 2024 years ago in 0, GORMAN-RUPP & ASSOCIATES CREDIT UNION has about 1,509 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GORMAN-RUPP & ASSOCIATES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1766 Harrington Memorial Rd MANSFIELD, OH 44903 |
| Phone: | (419) 525-3800 |
| Fax: | (419) 525-3817 |
| Website: | https://grohiocu.com |
| Branches: | 1 branch locations |
| Members: | 1,509 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 96719 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,183,829 |
| CEO/Manager: | Abbie L Eith |
| Chairperson: | Carly Hollar |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,362,597 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 731,143 |
| Other Loans | 9,877,410 |
| TOTAL LOANS | 10,608,553 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,428 |
| Land And Building | 246,308 |
| Other Fixed Assets | 46,850 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,183,829 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,671 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,492,295 |
| Regular shares | 4,726,645 |
| All Other Shares & Deposits | 6,632,808 |
| TOTAL SHARES & DEPOSITS | 12,851,748 |
| TOTAL LIABILITIES | 12,885,419 |
| Regular Reserve | 0 |
| Other Reserves | 360,515 |
| Undivided Earnings | 937,895 |
| TOTAL EQUITY | 1,298,410 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,183,829 |
| INCOME & EXPENSE | |
| Loan Income | 755,814 |
| Investment Income | 92,013 |
| Other Income | 134,290 |
| Total Employee Compensation & Benefits | 330,138 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 311,815 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,000 |
| Cost of Funds | 248,423 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 91,156 |
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