Dec, 31, 2023 — COMMUNITY FIRST GUAM FEDERAL CREDIT UNION is a federal credit union headquartered in HAGATNA, GU with 4 branch locations and about $227.64 million in total assets. Opened 62 years ago in 1962, COMMUNITY FIRST GUAM FEDERAL CREDIT UNION has about 14,981 members and employs 91 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY FIRST GUAM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 231 Route 4 HAGATNA, GU 96910-5210 |
| Phone: | (671) 472-8210 |
| Fax: | (671) 477-1135 |
| Website: | https://www.cfirstguam.com |
| Branches: | 4 branch locations |
| Members: | 14,981 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15051 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $227,643,237 |
| CEO/Manager: | Gerard A Cruz |
| Chairperson: | Perry T Taitano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,614,952 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 280,000 |
| Real Estate Loans | 113,267,956 |
| Unsecured Loans | 48,110,003 |
| Other Loans | 21,439,016 |
| TOTAL LOANS | 188,491,266 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,842,322 |
| Land And Building | 11,152,927 |
| Other Fixed Assets | 944,886 |
| NCUSIF Deposit | 1,086,873 |
| All Other Assets | 0 |
| TOTAL ASSETS | 227,643,237 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 837,488 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 1,719,449 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 12,500,000 |
| Share Drafts | 52,323,434 |
| Regular shares | 73,024,660 |
| All Other Shares & Deposits | 53,838,700 |
| TOTAL SHARES & DEPOSITS | 179,186,794 |
| TOTAL LIABILITIES | 214,271,947 |
| Regular Reserve | 0 |
| Other Reserves | 11,058 |
| Undivided Earnings | 13,360,232 |
| TOTAL EQUITY | 13,371,290 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 227,643,237 |
| INCOME & EXPENSE | |
| Loan Income | 9,898,356 |
| Investment Income | 1,068,425 |
| Other Income | 1,018,040 |
| Total Employee Compensation & Benefits | 4,654,351 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,651,588 |
| Non-operating Income & (Expense) | 2,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 820,303 |
| Cost of Funds | 2,139,600 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 756,911 |
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