Dec, 31, 2023 — GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 1 branch location and about $2.00 million in total assets. Opened 55 years ago in 1969, GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION has about 394 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION |
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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: | 394 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19416 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,003,832 |
CEO/Manager: | Alfreda B Cundiff |
Chairperson: | Sylvester O Brown |
ASSETS: | $ Amount |
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Cash & Equivalents | 654,604 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 377,564 |
Other Loans | 559,502 |
TOTAL LOANS | 937,066 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,729 |
Land And Building | 0 |
Other Fixed Assets | 766 |
NCUSIF Deposit | 14,019 |
All Other Assets | 0 |
TOTAL ASSETS | 2,003,832 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,211 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,328,009 |
All Other Shares & Deposits | 46,640 |
TOTAL SHARES & DEPOSITS | 1,374,648 |
TOTAL LIABILITIES | 1,379,859 |
Regular Reserve | 0 |
Other Reserves | 3,622 |
Undivided Earnings | 620,351 |
TOTAL EQUITY | 623,973 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,003,832 |
INCOME & EXPENSE | |
Loan Income | 129,759 |
Investment Income | 3,057 |
Other Income | 12,589 |
Total Employee Compensation & Benefits | 53,866 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 48,525 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
Cost of Funds | 4,357 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 31,268 |
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