Dec, 31, 2020 — GRAND JUNCTION FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND JUNCTION, CO with 1 branch location and about $73.75 million in total assets. Opened 64 years ago in 1957, GRAND JUNCTION FEDERAL CREDIT UNION has about 4,678 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 |
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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: | 4,678 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $73,746,112 |
CEO/Manager: | jeff cyriacks |
Chairperson: | Dan Wilson |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,235,763 |
TOTAL INVESTMENTS | 23,257,613 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,946,278 |
Unsecured Loans | 2,815,965 |
Other Loans | 22,468,617 |
TOTAL LOANS | 39,267,811 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -942,244 |
Land And Building | 1,057,163 |
Other Fixed Assets | 105,937 |
NCUSIF Deposit | 516,778 |
All Other Assets | 247,291 |
TOTAL ASSETS | 73,746,112 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 156,161 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,107,240 |
Regular shares | 26,315,913 |
All Other Shares & Deposits | 23,721,370 |
TOTAL SHARES & DEPOSITS | 60,144,523 |
TOTAL LIABILITIES | 60,300,684 |
Regular Reserve | 796,462 |
Other Reserves | 0 |
Undivided Earnings | 12,648,966 |
TOTAL EQUITY | 13,445,428 |
TOTAL LIABILITIES, SHARES, & EQUITY | 73,746,112 |
INCOME & EXPENSE | |
Loan Income | 2,144,528 |
Investment Income | 376,211 |
Other Income | 304,220 |
Total Employee Compensation & Benefits | 1,016,823 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 768,196 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 295,000 |
Cost of Funds | 244,917 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 500,023 |
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