Mar, 31, 2021 — GRAND JUNCTION FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND JUNCTION, CO with 1 branch location and about $78.38 million in total assets. Opened 64 years ago in 1957, GRAND JUNCTION FEDERAL CREDIT UNION has about 5,003 members and employs 15 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 |
|---|---|
| Address: (Main Office) | 910 MAIN ST GRAND JUNCTION, CO 81501 |
| Phone: | (970) 243-1370 |
| Fax: | (970) 241-3010 |
| Website: | http://www.grandjunctionfcu.org |
| Branches: | 1 branch locations |
| Members: | 5,003 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11718 |
|---|---|
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $78,376,366 |
| CEO/Manager: | jeff cyriacks |
| Chairperson: | Dan Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,275,421 |
| TOTAL INVESTMENTS | 26,748,613 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,636,046 |
| Unsecured Loans | 2,455,865 |
| Other Loans | 22,315,324 |
| TOTAL LOANS | 40,452,348 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -945,095 |
| Land And Building | 1,053,426 |
| Other Fixed Assets | 96,753 |
| NCUSIF Deposit | 516,778 |
| All Other Assets | 178,122 |
| TOTAL ASSETS | 78,376,366 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 164,891 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,849,543 |
| Regular shares | 28,951,372 |
| All Other Shares & Deposits | 24,880,423 |
| TOTAL SHARES & DEPOSITS | 64,681,338 |
| TOTAL LIABILITIES | 64,846,229 |
| Regular Reserve | 796,462 |
| Other Reserves | 0 |
| Undivided Earnings | 12,733,675 |
| TOTAL EQUITY | 13,530,137 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,376,366 |
| INCOME & EXPENSE | |
| Loan Income | 511,405 |
| Investment Income | 92,397 |
| Other Income | 15,845 |
| Total Employee Compensation & Benefits | 254,214 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 206,914 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 75,000 |
| Cost of Funds | 64,112 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 84,710 |
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