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G G W FEDERAL CREDIT UNION

Dec, 31, 2020 — G G W FEDERAL CREDIT UNION is a federal credit union headquartered in New Orleans, LA with 1 branch location and about $817,539 in total assets. Opened 58 years ago in 1963, G G W FEDERAL CREDIT UNION has about 200 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:200
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$817,539
CEO/Manager:Alvin H Phoenix
Chairperson:Carolyn Taplett

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 109,750
TOTAL INVESTMENTS 348,249
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 117,238
 Other Loans 251,902
 TOTAL LOANS 369,140
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,376
 Land And Building 0
 Other Fixed Assets 6
 NCUSIF Deposit 5,310
 All Other Assets 5,460
  TOTAL ASSETS 817,539
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 9
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 265,362
 All Other Shares & Deposits 319,089
  TOTAL SHARES & DEPOSITS 584,451
  TOTAL LIABILITIES 584,460
 Regular Reserve 52,413
 Other Reserves 0
 Undivided Earnings 180,666
  TOTAL EQUITY 233,079
  TOTAL LIABILITIES, SHARES, & EQUITY 817,539
INCOME & EXPENSE  
 Loan Income 36,788
 Investment Income 3,681
 Other Income 616
 Total Employee Compensation & Benefits 23,214
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,561
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 5,858
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,452
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