Dec, 31, 2023 — GIBBS ALUMINUM FEDERAL CREDIT UNION is a federal credit union headquartered in HENDERSON, KY with 1 branch location and about $6.00 million in total assets. Opened 57 years ago in 1967, GIBBS ALUMINUM FEDERAL CREDIT UNION has about 952 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GIBBS ALUMINUM FEDERAL CREDIT UNION |
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Address: (Main Office) | 3093 Ohio Dr HENDERSON, KY 42420 |
Phone: | (270) 827-7808 |
Fax: | (270) 827-7870 |
Website: | https://www.gibbsafcu.com |
Branches: | 1 branch locations |
Members: | 952 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18312 |
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Membership Type: | Manufacturing - Primary and Fabricated Metals |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Jan 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,999,613 |
CEO/Manager: | CASSANDRA L SNODGRASS |
Chairperson: | David McGan |
ASSETS: | $ Amount |
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Cash & Equivalents | 488,806 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 146,284 |
Other Loans | 4,489,742 |
TOTAL LOANS | 4,636,027 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,667 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 50,669 |
All Other Assets | 0 |
TOTAL ASSETS | 5,999,613 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 18,278 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 113,459 |
Regular shares | 3,258,251 |
All Other Shares & Deposits | 592,837 |
TOTAL SHARES & DEPOSITS | 3,964,547 |
TOTAL LIABILITIES | 3,982,825 |
Regular Reserve | 0 |
Other Reserves | 61,316 |
Undivided Earnings | 1,955,472 |
TOTAL EQUITY | 2,016,788 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,999,613 |
INCOME & EXPENSE | |
Loan Income | 213,185 |
Investment Income | 40,781 |
Other Income | 26,673 |
Total Employee Compensation & Benefits | 63,220 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 121,628 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,287 |
Cost of Funds | 44,133 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 40,371 |
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» See also Statement of Financial Condition