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GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2021 — GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 1 branch location and about $1.89 million in total assets. Opened 53 years ago in 1969, GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION has about 313 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
21 7th St
LYNCHBURG, VA 24504-1323
Phone:(434) 845-3801
Fax:(434) 845-6167
Website:n/a
Branches:1 branch locations
Members:313
Credit Union Type:Federal Credit Union
Charter Number:19416
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1969
Last Audited:Mar 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,890,559
CEO/Manager:Alfreda B Cundiff
Chairperson:Sylvester O Brown

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 869,458
TOTAL INVESTMENTS 5,163
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 265,296
 Other Loans 570,229
 TOTAL LOANS 835,525
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,166
 Land And Building 0
 Other Fixed Assets 2,937
 NCUSIF Deposit 6,417
 All Other Assets 193,225
  TOTAL ASSETS 1,890,559
LIABILITIES & CAPITAL:  
 Dividends Payable 1,025
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,553
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,283,841
 All Other Shares & Deposits 47,869
  TOTAL SHARES & DEPOSITS 1,331,710
  TOTAL LIABILITIES 1,337,288
 Regular Reserve 3,622
 Other Reserves 0
 Undivided Earnings 549,649
  TOTAL EQUITY 553,271
  TOTAL LIABILITIES, SHARES, & EQUITY 1,890,559
INCOME & EXPENSE  
 Loan Income 115,238
 Investment Income 91
 Other Income 9,483
 Total Employee Compensation & Benefits 46,074
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 41,663
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,600
 Cost of Funds 3,947
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,140
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