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G G W FEDERAL CREDIT UNION

Mar, 31, 2022 — G G W FEDERAL CREDIT UNION is a federal credit union headquartered in NEW ORLEANS, LA with 1 branch location and about $857,612 in total assets. Opened 59 years ago in 1963, G G W FEDERAL CREDIT UNION has about 182 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:182
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:$857,612
CEO/Manager:Alvin H Phoenix
Chairperson:Carolyn Taplett

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 112,797
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 95,691
 Other Loans 303,630
 TOTAL LOANS 399,321
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,752
 Land And Building 0
 Other Fixed Assets 6
 NCUSIF Deposit 5,845
 All Other Assets 0
  TOTAL ASSETS 857,612
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 286,837
 All Other Shares & Deposits 336,188
  TOTAL SHARES & DEPOSITS 623,025
  TOTAL LIABILITIES 623,071
 Regular Reserve 0
 Other Reserves 52,413
 Undivided Earnings 182,128
  TOTAL EQUITY 234,541
  TOTAL LIABILITIES, SHARES, & EQUITY 857,612
INCOME & EXPENSE  
 Loan Income 8,054
 Investment Income 863
 Other Income 161
 Total Employee Compensation & Benefits 5,086
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,261
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,154
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 577
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