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G E A EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2024 — G E A EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PEARISBURG, VA with 1 branch location and about $1.70 million in total assets. Opened 58 years ago in 1966, G E A EMPLOYEES FEDERAL CREDIT UNION has about 318 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)
100 Deerfield Acres St
PEARISBURG, VA 24134
Phone:(540) 921-2404
Fax:
Website:n/a
Branches:1 branch locations
Members:318
Credit Union Type:Federal Credit Union
Charter Number:17675
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1966
Last Audited:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$1,704,047
CEO/Manager:Babette F Martin
Chairperson:Robert M Lilly JR

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 317,101
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 133,671
 Other Loans 548,301
 TOTAL LOANS 681,972
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,489
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 11,482
 All Other Assets 0
  TOTAL ASSETS 1,704,047
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 1,243,743
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,243,743
  TOTAL LIABILITIES 1,243,743
 Regular Reserve 0
 Other Reserves 67,519
 Undivided Earnings 392,785
  TOTAL EQUITY 460,304
  TOTAL LIABILITIES, SHARES, & EQUITY 1,704,047
INCOME & EXPENSE  
 Loan Income 25,090
 Investment Income 9,469
 Other Income 4,731
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 26,265
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,809
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,216
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