Dec, 31, 2020 — GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 1 branch location and about $1.67 million in total assets. Opened 52 years ago in 1969, GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION has about 290 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) | P O BOX 1392 LYNCHBURG, VA 24505-1392 |
| Phone: | (434) 845-3801 |
| Fax: | (434) 845-6167 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 290 |
| 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: | $1,673,649 |
| CEO/Manager: | Alfreda B Cundiff |
| Chairperson: | Sylvester O Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 543,463 |
| TOTAL INVESTMENTS | 4,622 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 61,952 |
| Other Loans | 864,758 |
| TOTAL LOANS | 926,710 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,830 |
| Land And Building | 0 |
| Other Fixed Assets | 3,981 |
| NCUSIF Deposit | 6,417 |
| All Other Assets | 203,286 |
| TOTAL ASSETS | 1,673,649 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 542 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,119,954 |
| All Other Shares & Deposits | 26,529 |
| TOTAL SHARES & DEPOSITS | 1,146,483 |
| TOTAL LIABILITIES | 1,147,025 |
| Regular Reserve | 3,622 |
| Other Reserves | 0 |
| Undivided Earnings | 523,002 |
| TOTAL EQUITY | 526,624 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,673,649 |
| INCOME & EXPENSE | |
| Loan Income | 106,484 |
| Investment Income | 842 |
| Other Income | 11,395 |
| Total Employee Compensation & Benefits | 41,004 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,218 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,600 |
| Cost of Funds | 2,435 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 32,464 |
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