Dec, 31, 2022 — G G W FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $895,492 in total assets. Opened 60 years ago in 1963, G G W FEDERAL CREDIT UNION has about 166 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | G G W FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2128 Jackson Ave NEW ORLEANS, LA 70113 |
| Phone: | (504) 522-2525 |
| Fax: | (504) 522-2805 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 166 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15588 |
|---|---|
| Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $895,492 |
| CEO/Manager: | Alvin H Phoenix |
| Chairperson: | Carolyn Taplett |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 554,289 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 90,198 |
| Other Loans | 256,570 |
| TOTAL LOANS | 346,768 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,940 |
| Land And Building | 0 |
| Other Fixed Assets | 6 |
| NCUSIF Deposit | 6,160 |
| All Other Assets | 0 |
| TOTAL ASSETS | 895,492 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 284,616 |
| All Other Shares & Deposits | 373,654 |
| TOTAL SHARES & DEPOSITS | 658,270 |
| TOTAL LIABILITIES | 658,315 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 237,177 |
| TOTAL EQUITY | 237,177 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 895,492 |
| INCOME & EXPENSE | |
| Loan Income | 24,561 |
| Investment Income | 2,645 |
| Other Income | 501 |
| Total Employee Compensation & Benefits | 13,574 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,477 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,941 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,213 |
| ↑ Back to Top | |