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GLAMOUR FEDERAL CREDIT UNION

Dec, 31, 2020 — GLAMOUR FEDERAL CREDIT UNION is a federal credit union headquartered in Quebradillas, PR with 1 branch location and about $4.00 million in total assets. Opened 61 years ago in 1960, GLAMOUR FEDERAL CREDIT UNION has about 1,061 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 021584330
Name:GLAMOUR FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. Box 915
Quebradillas, PR 00678-0915
Phone:(787) 895-3030
Fax:(787) 895-7488
Website:http://www.glamourfcu.com
Branches:1 branch locations
Members:1,061
Credit Union Type:Federal Credit Union
Charter Number:13785
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1960
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$3,995,156
CEO/Manager:Linda Perez
Chairperson:ISRAEL PEREZ NUNEZ

Call Report

  • Real Estate Loans
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,315,093
TOTAL INVESTMENTS 650,985
Loans Held for Sale 0
 
 Real Estate Loans 157,353
 Unsecured Loans 1,634,595
 Other Loans 191,103
 TOTAL LOANS 1,983,051
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,698
 Land And Building 0
 Other Fixed Assets 8,885
 NCUSIF Deposit 31,155
 All Other Assets 23,685
  TOTAL ASSETS 3,995,156
LIABILITIES & CAPITAL:  
 Dividends Payable 473
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 81,208
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 627,169
 All Other Shares & Deposits 3,030,902
  TOTAL SHARES & DEPOSITS 3,658,071
  TOTAL LIABILITIES 3,739,752
 Regular Reserve 185,000
 Other Reserves 42,801
 Undivided Earnings 27,603
  TOTAL EQUITY 255,404
  TOTAL LIABILITIES, SHARES, & EQUITY 3,995,156
INCOME & EXPENSE  
 Loan Income 134,214
 Investment Income 7,450
 Other Income 30,571
 Total Employee Compensation & Benefits 156,144
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 71,002
 Non-operating Income & (Expense) 10,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,353
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -46,264
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