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GARY FIREFIGHTERS ASSOCIATION FEDERAL CREDIT UNION

Dec, 31, 2020 — GARY FIREFIGHTERS ASSOCIATION FEDERAL CREDIT UNION is a federal credit union headquartered in GARY, IN with 1 branch location and about $2.19 million in total assets. Opened 86 years ago in 1935, GARY FIREFIGHTERS ASSOCIATION FEDERAL CREDIT UNION has about 346 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GARY FIREFIGHTERS ASSOCIATION FEDERAL CREDIT UNION
Address:
(Main Office)
200 E 5TH AVE
GARY, IN 46402
Phone:(219) 881-5217
Fax:(219) 886-9771
Website:n/a
Branches:1 branch locations
Members:346
Credit Union Type:Federal Credit Union
Charter Number:169
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1935
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$2,187,650
CEO/Manager:Joseph R Aguilar
Chairperson:James Delgado

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,186,964
TOTAL INVESTMENTS 300,830
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 706,779
 Other Loans 0
 TOTAL LOANS 706,779
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,240
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 13,317
 All Other Assets 0
  TOTAL ASSETS 2,187,650
LIABILITIES & CAPITAL:  
 Dividends Payable 14,202
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 0
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,438,299
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,438,299
  TOTAL LIABILITIES 1,452,501
 Regular Reserve 61,913
 Other Reserves 0
 Undivided Earnings 673,236
  TOTAL EQUITY 735,149
  TOTAL LIABILITIES, SHARES, & EQUITY 2,187,650
INCOME & EXPENSE  
 Loan Income 114,296
 Investment Income 5,377
 Other Income 5,214
 Total Employee Compensation & Benefits 59,447
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 31,446
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 27,775
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,219
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