Sep, 30, 2025 — GREATER ALLIANCE FEDERAL CREDIT UNION is a federal credit union headquartered in PARAMUS, NJ with 3 branch locations and about $249.05 million in total assets. Opened 89 years ago in 1937, GREATER ALLIANCE FEDERAL CREDIT UNION has about 21,413 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER ALLIANCE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 40 W Century Rd PARAMUS, NJ 07652-1454 |
| Phone: | (888) 554-2328 |
| Fax: | (201) 986-7538 |
| Website: | https://www.greateralliance.org |
| Branches: | 3 branch locations |
| Members: | 21,413 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2182 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $249,046,654 |
| CEO/Manager: | Glenn Guinto |
| Chairperson: | Richard Vega |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,346,261 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 138,817,647 |
| Unsecured Loans | 25,444,681 |
| Other Loans | 11,345,629 |
| TOTAL LOANS | 175,607,956 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,033,950 |
| Land And Building | 10,933,380 |
| Other Fixed Assets | 606,499 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,171,613 |
| All Other Assets | 0 |
| TOTAL ASSETS | 249,046,654 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,627,578 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,193,393 |
| Regular shares | 120,249,590 |
| All Other Shares & Deposits | 79,071,051 |
| TOTAL SHARES & DEPOSITS | 225,514,035 |
| TOTAL LIABILITIES | 229,141,645 |
| Regular Reserve | 0 |
| Other Reserves | -393,189 |
| Undivided Earnings | 20,298,198 |
| TOTAL EQUITY | 19,905,009 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 249,046,654 |
| INCOME & EXPENSE | |
| Loan Income | 8,119,661 |
| Investment Income | 1,314,458 |
| Other Income | 1,907,369 |
| Total Employee Compensation & Benefits | 4,598,903 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,748,106 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,232,523 |
| Cost of Funds | 2,590,178 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -413,355 |
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