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GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $6.08 million in total assets. Opened 62 years ago in 1962, GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION has about 1,434 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324078682
Name:GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
1000 N Warm Springs Rd
SALT LAKE CITY, UT 84116
Phone:(801) 322-4010
Fax:(801) 322-5419
Website:https://grcreditunion.com
Branches:1 branch locations
Members:1,434
Credit Union Type:Federal Credit Union
Charter Number:14917
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1962
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$6,082,457
CEO/Manager:L William Christopherson
Chairperson:Mark Greenwood

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 525,463
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 50,970
 Other Loans 2,113,576
 TOTAL LOANS 2,164,546
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -46,381
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 56,270
 All Other Assets 0
  TOTAL ASSETS 6,082,457
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9,390
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 4,508,475
 All Other Shares & Deposits 577,911
  TOTAL SHARES & DEPOSITS 5,086,386
  TOTAL LIABILITIES 5,095,776
 Regular Reserve 0
 Other Reserves 275,000
 Undivided Earnings 711,681
  TOTAL EQUITY 986,681
  TOTAL LIABILITIES, SHARES, & EQUITY 6,082,457
INCOME & EXPENSE  
 Loan Income 113,458
 Investment Income 109,988
 Other Income 9,199
 Total Employee Compensation & Benefits 121,701
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 57,205
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 20,000
 Cost of Funds 8,724
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 41,828
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