GEORGETOWN FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.georgetownfcu.org for more information.
Jun, 30, 2024 — GEORGETOWN FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $15.24 million in total assets. Opened 60 years ago in 1964, GEORGETOWN FEDERAL CREDIT UNION has about 2,232 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GEORGETOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | GEORGETOWN UNIVERSITY, BOX 571106 WASHINGTON, DC 20057-1106 |
| Phone: | (202) 687-4841 |
| Fax: | (202) 687-6920 |
| Website: | https://www.georgetownfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,232 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16046 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1964 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,241,391 |
| CEO/Manager: | Michael Ray |
| Chairperson: | Meghan Dimsa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,735,295 |
| TOTAL INVESTMENTS | 83,730 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 189,949 |
| Unsecured Loans | 1,947,028 |
| Other Loans | 2,822,473 |
| TOTAL LOANS | 4,959,450 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,242 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 153,775 |
| All Other Assets | 2,442,383 |
| TOTAL ASSETS | 15,241,391 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 189,504 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,068,343 |
| Regular shares | 9,317,438 |
| All Other Shares & Deposits | 1,725,885 |
| TOTAL SHARES & DEPOSITS | 15,111,666 |
| TOTAL LIABILITIES | 15,301,170 |
| Regular Reserve | 288,414 |
| Other Reserves | 0 |
| Undivided Earnings | -348,193 |
| TOTAL EQUITY | -59,779 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,241,391 |
| INCOME & EXPENSE | |
| Loan Income | 179,217 |
| Investment Income | 42,097 |
| Other Income | 46,360 |
| Total Employee Compensation & Benefits | 146,436 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 741,833 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 24,330 |
| Cost of Funds | 4,626 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -632,831 |
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