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GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $7.22 million in total assets. Opened 63 years ago in 1962, GIBBONS AND REED EMPLOYEES FEDERAL CREDIT UNION has about 1,574 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)
1000 N Warm Springs Rd
SALT LAKE CITY, UT 84116
Phone:(801) 322-4010
Fax:(801) 322-5419
Website:https://grcreditunion.com
Branches:1 branch locations
Members:1,574
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$7,220,219
CEO/Manager:L William Christopherson
Chairperson:Mark Greenwood

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 520,396
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 58,029
 Other Loans 1,856,980
 TOTAL LOANS 1,915,009
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -24,395
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 57,884
 All Other Assets 0
  TOTAL ASSETS 7,220,219
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,834
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 5,559,302
 All Other Shares & Deposits 699,950
  TOTAL SHARES & DEPOSITS 6,259,252
  TOTAL LIABILITIES 6,272,086
 Regular Reserve 0
 Other Reserves 275,000
 Undivided Earnings 673,133
  TOTAL EQUITY 948,133
  TOTAL LIABILITIES, SHARES, & EQUITY 7,220,219
INCOME & EXPENSE  
 Loan Income 84,567
 Investment Income 19,912
 Other Income 14,381
 Total Employee Compensation & Benefits 71,315
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 41,837
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 4,697
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,692
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