Dec, 31, 2023 — GUARDIAN CREDIT UNION is a federally insured state chartered credit union headquartered in MONTGOMERY, AL with 16 branch locations and about $1.02 billion in total assets. Opened 66 years ago in 1958, GUARDIAN CREDIT UNION has about 88,681 members and employs 264 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GUARDIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 418 Madison Ave MONTGOMERY, AL 36104 |
| Phone: | (334) 244-9999 |
| Fax: | (334) 834-4495 |
| Website: | https://www.myguardiancu.com |
| Branches: | 16 branch locations |
| Members: | 88,681 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68374 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,018,202,202 |
| CEO/Manager: | Heath Harrell |
| Chairperson: | Scott Kramer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,767,343 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 223,868,060 |
| Unsecured Loans | 78,243,396 |
| Other Loans | 536,987,529 |
| TOTAL LOANS | 839,098,986 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,465,072 |
| Land And Building | 29,697,832 |
| Other Fixed Assets | 1,870,248 |
| NCUSIF Deposit | 7,468,002 |
| All Other Assets | 882,500 |
| TOTAL ASSETS | 1,018,202,202 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,866 |
| Notes & Interest Payable | 68,000,000 |
| Accounts Payable & Other Liabilities | 17,369,230 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 139,718,371 |
| Regular shares | 210,861,506 |
| All Other Shares & Deposits | 499,888,363 |
| TOTAL SHARES & DEPOSITS | 850,468,241 |
| TOTAL LIABILITIES | 935,845,297 |
| Regular Reserve | 0 |
| Other Reserves | 4,407,228 |
| Undivided Earnings | 77,949,677 |
| TOTAL EQUITY | 82,356,905 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,018,202,202 |
| INCOME & EXPENSE | |
| Loan Income | 54,163,868 |
| Investment Income | 2,716,089 |
| Other Income | 11,043,557 |
| Total Employee Compensation & Benefits | 22,608,066 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,416,316 |
| Non-operating Income & (Expense) | -1,291,090 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,611,251 |
| Cost of Funds | 16,986,669 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,197,116 |
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