GLOBAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.globalcu.org for more information.
Dec, 31, 2023 — GLOBAL CREDIT UNION is a federally insured state chartered credit union headquartered in SPOKANE, WA with 12 branch locations and about $612.54 million in total assets. Opened 70 years ago in 1954, GLOBAL CREDIT UNION has about 46,472 members and employs 185 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GLOBAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 3200 SPOKANE, WA 99220-3200 |
| Phone: | (509) 455-4700 |
| Fax: | (509) 455-4640 |
| Website: | https://www.globalcu.org |
| Branches: | 12 branch locations |
| Members: | 46,472 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68237 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $612,538,529 |
| CEO/Manager: | Jack L Fallis |
| Chairperson: | Thomas A Pauley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 30,308,664 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 442,575 |
| Real Estate Loans | 192,583,478 |
| Unsecured Loans | 29,969,118 |
| Other Loans | 257,624,195 |
| TOTAL LOANS | 480,176,791 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,936,797 |
| Land And Building | 19,104,586 |
| Other Fixed Assets | 3,630,945 |
| NCUSIF Deposit | 4,786,644 |
| All Other Assets | 248,264 |
| TOTAL ASSETS | 612,538,529 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,465 |
| Notes & Interest Payable | 9,000,000 |
| Accounts Payable & Other Liabilities | -4,277,825 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 156,935,896 |
| Regular shares | 231,641,960 |
| All Other Shares & Deposits | 169,622,813 |
| TOTAL SHARES & DEPOSITS | 558,200,669 |
| TOTAL LIABILITIES | 562,943,309 |
| Regular Reserve | 0 |
| Other Reserves | -2,537,982 |
| Undivided Earnings | 52,133,202 |
| TOTAL EQUITY | 49,595,220 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 612,538,529 |
| INCOME & EXPENSE | |
| Loan Income | 5,341,783 |
| Investment Income | 143,032 |
| Other Income | 644,896 |
| Total Employee Compensation & Benefits | 3,335,107 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,002,543 |
| Non-operating Income & (Expense) | 66 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 106,507 |
| Cost of Funds | 331,854 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 487,600 |
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