Dec, 31, 2023 — GENERATIONS COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in CASTLE HILLS, TX with 6 branch locations and about $755.94 million in total assets. Opened 84 years ago in 1940, GENERATIONS COMMUNITY FEDERAL CREDIT UNION has about 47,153 members and employs 190 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GENERATIONS COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1100 NW Loop 410 CASTLE HILLS, TX 78213 |
Phone: | (210) 229-1800 |
Fax: | |
Website: | https://www.mygenfcu.org |
Branches: | 6 branch locations |
Members: | 47,153 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4015 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $755,937,938 |
CEO/Manager: | Kenneth Raymie |
Chairperson: | Larry Reed |
ASSETS: | $ Amount |
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Cash & Equivalents | 27,575,676 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 156,000 |
Real Estate Loans | 294,335,348 |
Unsecured Loans | 79,313,582 |
Other Loans | 166,775,691 |
TOTAL LOANS | 553,893,815 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,958,637 |
Land And Building | 37,237,448 |
Other Fixed Assets | 3,314,418 |
NCUSIF Deposit | 5,192,550 |
All Other Assets | 36,995 |
TOTAL ASSETS | 755,937,938 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 255,208 |
Notes & Interest Payable | 64,202,225 |
Accounts Payable & Other Liabilities | 12,312,184 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 131,486,268 |
Regular shares | 181,853,291 |
All Other Shares & Deposits | 310,264,827 |
TOTAL SHARES & DEPOSITS | 623,604,387 |
TOTAL LIABILITIES | 700,374,004 |
Regular Reserve | 0 |
Other Reserves | -13,413,695 |
Undivided Earnings | 68,977,629 |
TOTAL EQUITY | 55,563,934 |
TOTAL LIABILITIES, SHARES, & EQUITY | 755,937,938 |
INCOME & EXPENSE | |
Loan Income | 29,469,900 |
Investment Income | 7,141,544 |
Other Income | 6,700,269 |
Total Employee Compensation & Benefits | 17,556,574 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,502,617 |
Non-operating Income & (Expense) | 1,701,597 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,538,352 |
Cost of Funds | 12,409,291 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,747,212 |
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