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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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