Dec, 31, 2023 — GAIN FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 2 branch locations and about $439.85 million in total assets. Opened 84 years ago in 1940, GAIN FEDERAL CREDIT UNION has about 20,721 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GAIN FEDERAL CREDIT UNION |
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Address: (Main Office) | 1800 W Magnolia Blvd BURBANK, CA 91506-1726 |
Phone: | (818) 846-1710 |
Fax: | (818) 848-1526 |
Website: | https://www.gainfcu.com |
Branches: | 2 branch locations |
Members: | 20,721 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 3943 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $439,848,683 |
CEO/Manager: | Darin Guggenheimer |
Chairperson: | Jess Talamantes |
ASSETS: | $ Amount |
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Cash & Equivalents | 46,306,626 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 180,693,199 |
Unsecured Loans | 16,618,976 |
Other Loans | 70,467,808 |
TOTAL LOANS | 267,779,983 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,284,999 |
Land And Building | 9,883,911 |
Other Fixed Assets | 1,251,630 |
NCUSIF Deposit | 4,068,107 |
All Other Assets | 51,832 |
TOTAL ASSETS | 439,848,683 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 2,792,484 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 84,686,348 |
Regular shares | 178,667,231 |
All Other Shares & Deposits | 150,499,479 |
TOTAL SHARES & DEPOSITS | 413,853,058 |
TOTAL LIABILITIES | 421,645,542 |
Regular Reserve | 0 |
Other Reserves | -18,468,978 |
Undivided Earnings | 36,672,119 |
TOTAL EQUITY | 18,203,141 |
TOTAL LIABILITIES, SHARES, & EQUITY | 439,848,683 |
INCOME & EXPENSE | |
Loan Income | 11,197,228 |
Investment Income | 3,708,850 |
Other Income | 1,231,115 |
Total Employee Compensation & Benefits | 7,115,030 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,315,909 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,000 |
Cost of Funds | 3,731,857 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,856,142 |
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