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GESB SHEET METAL WORKERS FEDERAL CREDIT UNION

Dec, 31, 2020 — GESB SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTAGE, IN with 1 branch location and about $9.86 million in total assets. Opened 61 years ago in 1960, GESB SHEET METAL WORKERS FEDERAL CREDIT UNION has about 1,855 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 DRIVE
PORTAGE, IN 46368
Phone:(219) 764-3204
Fax:(219) 764-7405
Website:http://www.gesbfcu.org
Branches:1 branch locations
Members:1,855
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$9,863,982
CEO/Manager:Michele K Mihal
Chairperson:Michael Bippus

Call Report

  • Credit Builder
  • Overdraft Protection
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 469,953
TOTAL INVESTMENTS 3,431,263
Loans Held for Sale 0
 
 Real Estate Loans 786,608
 Unsecured Loans 194,616
 Other Loans 4,887,614
 TOTAL LOANS 5,868,838
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,296
 Land And Building 0
 Other Fixed Assets 8,300
 NCUSIF Deposit 82,394
 All Other Assets 12,530
  TOTAL ASSETS 9,863,982
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 999
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 910,352
 Regular shares 7,389,911
 All Other Shares & Deposits 708,219
  TOTAL SHARES & DEPOSITS 9,008,482
  TOTAL LIABILITIES 9,009,481
 Regular Reserve 181,100
 Other Reserves 0
 Undivided Earnings 673,401
  TOTAL EQUITY 854,501
  TOTAL LIABILITIES, SHARES, & EQUITY 9,863,982
INCOME & EXPENSE  
 Loan Income 288,006
 Investment Income 61,149
 Other Income 66,426
 Total Employee Compensation & Benefits 196,171
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 174,938
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,827
 Cost of Funds 7,771
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -14,126
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