Dec, 31, 2023 — GESB SHEET METAL WORKERS FEDERAL CREDIT UNION is a federal credit union headquartered in PORTAGE, IN with 0 branch location and about $11.13 million in total assets. Opened 64 years ago in 1960, GESB SHEET METAL WORKERS FEDERAL CREDIT UNION has about 1,902 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 |
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Address: (Main Office) | 6450 Ameriplex Dr PORTAGE, IN 46368-1389 |
Phone: | (219) 764-3204 |
Fax: | (219) 764-7405 |
Website: | https://www.gesbfcu.org |
Branches: | 0 branch locations |
Members: | 1,902 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13974 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,129,319 |
CEO/Manager: | Michele K Mihal |
Chairperson: | Michael Bippus |
ASSETS: | $ Amount |
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Cash & Equivalents | 346,027 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 830,455 |
Unsecured Loans | 213,510 |
Other Loans | 5,639,571 |
TOTAL LOANS | 6,683,536 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,099 |
Land And Building | 0 |
Other Fixed Assets | 10,148 |
NCUSIF Deposit | 101,411 |
All Other Assets | 0 |
TOTAL ASSETS | 11,129,319 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 43,554 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,322 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 961,456 |
Regular shares | 8,037,589 |
All Other Shares & Deposits | 1,061,398 |
TOTAL SHARES & DEPOSITS | 10,060,445 |
TOTAL LIABILITIES | 10,105,321 |
Regular Reserve | 0 |
Other Reserves | 181,100 |
Undivided Earnings | 842,898 |
TOTAL EQUITY | 1,023,998 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,129,319 |
INCOME & EXPENSE | |
Loan Income | 362,127 |
Investment Income | 98,142 |
Other Income | 60,056 |
Total Employee Compensation & Benefits | 181,181 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 228,368 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,000 |
Cost of Funds | 17,326 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 93,909 |
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