Dec, 31, 2022 — GIBBS ALUMINUM FEDERAL CREDIT UNION is a federal credit union headquartered in HENDERSON, KY with 1 branch location and about $7.52 million in total assets. Opened 56 years ago in 1967, GIBBS ALUMINUM FEDERAL CREDIT UNION has about 932 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 |
|---|---|
| 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: | 932 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18312 |
|---|---|
| Membership Type: | Manufacturing - Primary and Fabricated Metals |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jul 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,518,201 |
| CEO/Manager: | Shannon Kavanaugh |
| Chairperson: | David McGan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,686,983 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 168,852 |
| Other Loans | 4,320,285 |
| TOTAL LOANS | 4,489,137 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,793 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 49,471 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,518,201 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 170,700 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 274,800 |
| Regular shares | 3,865,563 |
| All Other Shares & Deposits | 1,232,189 |
| TOTAL SHARES & DEPOSITS | 5,372,552 |
| TOTAL LIABILITIES | 5,543,252 |
| Regular Reserve | 0 |
| Other Reserves | 61,317 |
| Undivided Earnings | 1,913,632 |
| TOTAL EQUITY | 1,974,949 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,518,201 |
| INCOME & EXPENSE | |
| Loan Income | 163,709 |
| Investment Income | 24,016 |
| Other Income | 21,303 |
| Total Employee Compensation & Benefits | 64,723 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 87,784 |
| Non-operating Income & (Expense) | 1,341 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,680 |
| Cost of Funds | 32,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,590 |
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