Dec, 31, 2023 — GARLAND COUNTY EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in HOT SPRINGS, AR with 2 branch locations and about $5.00 million in total assets. Opened 56 years ago in 1968, GARLAND COUNTY EDUCATORS FEDERAL CREDIT UNION has about 766 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GARLAND COUNTY EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 190 Aviation Plz Ste E HOT SPRINGS, AR 71913-5531 |
Phone: | (501) 623-9230 |
Fax: | (501) 318-2317 |
Website: | https://www.gcefcuhotsprings.org |
Branches: | 2 branch locations |
Members: | 766 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18814 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,996,029 |
CEO/Manager: | Johnny Anderson |
Chairperson: | Steven Campbell |
ASSETS: | $ Amount |
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Cash & Equivalents | 627,236 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 586,208 |
Other Loans | 3,736,506 |
TOTAL LOANS | 4,322,714 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -32,658 |
Land And Building | 0 |
Other Fixed Assets | 1,865 |
NCUSIF Deposit | 41,954 |
All Other Assets | 0 |
TOTAL ASSETS | 4,996,029 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,243 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,965,293 |
All Other Shares & Deposits | 1,256,293 |
TOTAL SHARES & DEPOSITS | 4,221,586 |
TOTAL LIABILITIES | 4,226,829 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 769,200 |
TOTAL EQUITY | 769,200 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,996,029 |
INCOME & EXPENSE | |
Loan Income | 363,947 |
Investment Income | 18,349 |
Other Income | 20,962 |
Total Employee Compensation & Benefits | 116,842 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 75,772 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,644 |
Cost of Funds | 40,893 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 145,500 |
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