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GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $6.47 million in total assets. Opened 59 years ago in 1962, GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION has about 1,609 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324078682
Name:GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 30429
SALT LAKE CITY, UT 84130
Phone:(801) 322-4010
Fax:(801) 322-5419
Website:http://grcreditunion.com
Branches:1 branch locations
Members:1,609
Credit Union Type:Federal Credit Union
Charter Number:14917
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1962
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$6,473,836
CEO/Manager:L William Christopherson
Chairperson:Chris Faulhaber

Call Report

  • Risk Based Loans
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 615,633
TOTAL INVESTMENTS 3,674,526
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 50,922
 Other Loans 2,114,919
 TOTAL LOANS 2,165,841
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -35,420
 Land And Building 0
 Other Fixed Assets 2,761
 NCUSIF Deposit 49,244
 All Other Assets 1,251
  TOTAL ASSETS 6,473,836
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 6,994
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,037,444
 All Other Shares & Deposits 490,821
  TOTAL SHARES & DEPOSITS 5,528,265
  TOTAL LIABILITIES 5,535,259
 Regular Reserve 275,000
 Other Reserves 0
 Undivided Earnings 663,577
  TOTAL EQUITY 938,577
  TOTAL LIABILITIES, SHARES, & EQUITY 6,473,836
INCOME & EXPENSE  
 Loan Income 109,086
 Investment Income 55,508
 Other Income 22,053
 Total Employee Compensation & Benefits 102,446
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 61,786
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,000
 Cost of Funds 4,890
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,525
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