Dec, 31, 2022 — GARLAND COUNTY EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in HOT SPRINGS, AR with 2 branch locations and about $4.90 million in total assets. Opened 55 years ago in 1968, GARLAND COUNTY EDUCATORS FEDERAL CREDIT UNION has about 768 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GARLAND COUNTY EDUCATORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 190 Aviation Plz Ste E HOT SPRINGS, AR 71913-5531 |
| Phone: | (501) 623-9230 |
| Fax: | (501) 318-2317 |
| Website: | https://www.gcefcuhotsprings.org |
| Branches: | 2 branch locations |
| Members: | 768 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18814 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,896,170 |
| CEO/Manager: | Johnny Anderson |
| Chairperson: | Steven Campbell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,060,671 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 485,445 |
| Other Loans | 3,299,290 |
| TOTAL LOANS | 3,784,735 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,112 |
| Land And Building | 0 |
| Other Fixed Assets | 2,075 |
| NCUSIF Deposit | 52,409 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,896,170 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,317 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,443,057 |
| All Other Shares & Deposits | 853,063 |
| TOTAL SHARES & DEPOSITS | 4,296,120 |
| TOTAL LIABILITIES | 4,299,437 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 596,733 |
| TOTAL EQUITY | 596,733 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,896,170 |
| INCOME & EXPENSE | |
| Loan Income | 205,711 |
| Investment Income | 4,532 |
| Other Income | 18,168 |
| Total Employee Compensation & Benefits | 73,618 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 56,631 |
| Non-operating Income & (Expense) | -1,656 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,771 |
| Cost of Funds | 15,839 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 76,202 |
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