Dec, 31, 2023 — GRAND JUNCTION FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND JUNCTION, CO with 1 branch location and about $89.73 million in total assets. Opened 67 years ago in 1957, GRAND JUNCTION FEDERAL CREDIT UNION has about 5,334 members and employs 18 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRAND JUNCTION FEDERAL CREDIT UNION |
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Address: (Main Office) | 633 24 Rd GRAND JUNCTION, CO 81505 |
Phone: | (970) 243-1370 |
Fax: | (970) 241-3010 |
Website: | https://www.grandjunctionfcu.org |
Branches: | 1 branch locations |
Members: | 5,334 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11718 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $89,734,968 |
CEO/Manager: | Karen Troester |
Chairperson: | Dan Wilson |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,608,621 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 25,365,363 |
Unsecured Loans | 2,298,597 |
Other Loans | 27,479,735 |
TOTAL LOANS | 55,143,695 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -774,860 |
Land And Building | 3,830,380 |
Other Fixed Assets | 64,943 |
NCUSIF Deposit | 731,042 |
All Other Assets | 0 |
TOTAL ASSETS | 89,734,968 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 159,457 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,449,739 |
Regular shares | 30,631,039 |
All Other Shares & Deposits | 31,142,605 |
TOTAL SHARES & DEPOSITS | 74,223,384 |
TOTAL LIABILITIES | 74,382,841 |
Regular Reserve | 0 |
Other Reserves | 796,462 |
Undivided Earnings | 14,555,665 |
TOTAL EQUITY | 15,352,127 |
TOTAL LIABILITIES, SHARES, & EQUITY | 89,734,968 |
INCOME & EXPENSE | |
Loan Income | 3,040,078 |
Investment Income | 520,819 |
Other Income | 95,252 |
Total Employee Compensation & Benefits | 1,377,879 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,225,975 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 773,284 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 619,011 |
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