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G E A EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — G E A EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Pearisburg, VA with 1 branch location and about $1.52 million in total assets. Opened 55 years ago in 1966, G E A EMPLOYEES FEDERAL CREDIT UNION has about 350 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:G E A EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 386
Pearisburg, VA 24134
Phone:(540) 921-2404
Fax:
Website:n/a
Branches:1 branch locations
Members:350
Credit Union Type:Federal Credit Union
Charter Number:17675
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1966
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,524,440
CEO/Manager:Babette F Martin
Chairperson:Jerry W Albert

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 212,265
TOTAL INVESTMENTS 462,974
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 124,550
 Other Loans 728,603
 TOTAL LOANS 853,153
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,435
 Land And Building 0
 Other Fixed Assets 2
 NCUSIF Deposit 10,481
 All Other Assets 0
  TOTAL ASSETS 1,524,440
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 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 1,079,910
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,079,910
  TOTAL LIABILITIES 1,079,910
 Regular Reserve 67,520
 Other Reserves 0
 Undivided Earnings 377,010
  TOTAL EQUITY 444,530
  TOTAL LIABILITIES, SHARES, & EQUITY 1,524,440
INCOME & EXPENSE  
 Loan Income 9,745
 Investment Income 2,381
 Other Income 0
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,644
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,031
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,451
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