Sep, 30, 2025 — GESB SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTAGE, IN with 1 branch location and about $11.17 million in total assets. Opened 66 years ago in 1960, GESB SHEET METAL WORKERS FEDERAL CREDIT UNION has about 2,040 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GESB SHEET METAL WORKERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6450 Ameriplex Dr PORTAGE, IN 46368-1389 |
| Phone: | (219) 764-3204 |
| Fax: | (219) 764-7405 |
| Website: | https://www.gesbfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,040 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13974 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,174,875 |
| CEO/Manager: | Michele K Mihal |
| Chairperson: | Michael Bippus |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 195,953 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 740,839 |
| Unsecured Loans | 217,219 |
| Other Loans | 5,951,308 |
| TOTAL LOANS | 6,909,366 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,122 |
| Land And Building | 0 |
| Other Fixed Assets | 5,215 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 99,739 |
| All Other Assets | 0 |
| TOTAL ASSETS | 11,174,875 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,866 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,880 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,104,093 |
| Regular shares | 7,341,768 |
| All Other Shares & Deposits | 1,507,771 |
| TOTAL SHARES & DEPOSITS | 9,953,634 |
| TOTAL LIABILITIES | 9,961,380 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,213,495 |
| TOTAL EQUITY | 1,213,495 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,174,875 |
| INCOME & EXPENSE | |
| Loan Income | 333,874 |
| Investment Income | 82,925 |
| Other Income | 45,912 |
| Total Employee Compensation & Benefits | 152,772 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 181,251 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,000 |
| Cost of Funds | 39,709 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 82,634 |
| ↑ Back to Top | |