Dec, 31, 2020 — GSA FEDERAL CREDIT UNION is a federal credit union headquartered in Washington, DC with 2 branch locations and about $41.28 million in total assets. Opened 84 years ago in 1937, GSA FEDERAL CREDIT UNION has about 5,365 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GSA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1800 F St NW # 1211 Washington, DC 20405-0001 |
| Phone: | (202) 876-2121 |
| Fax: | (202) 208-4023 |
| Website: | http://www.gsafcu.gsa.gov |
| Branches: | 2 branch locations |
| Members: | 5,365 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2299 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | May 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,284,896 |
| CEO/Manager: | Jerome P Malvin |
| Chairperson: | Nathan Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,295,045 |
| TOTAL INVESTMENTS | 12,095,016 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,224,491 |
| Unsecured Loans | 6,157,825 |
| Other Loans | 10,327,441 |
| TOTAL LOANS | 22,709,757 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -126,548 |
| Land And Building | 0 |
| Other Fixed Assets | 41,115 |
| NCUSIF Deposit | 303,811 |
| All Other Assets | 966,700 |
| TOTAL ASSETS | 41,284,896 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 88,809 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,317,776 |
| Regular shares | 16,660,341 |
| All Other Shares & Deposits | 12,284,333 |
| TOTAL SHARES & DEPOSITS | 37,262,450 |
| TOTAL LIABILITIES | 37,351,259 |
| Regular Reserve | 638,723 |
| Other Reserves | 0 |
| Undivided Earnings | 3,294,914 |
| TOTAL EQUITY | 3,933,637 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,284,896 |
| INCOME & EXPENSE | |
| Loan Income | 1,123,729 |
| Investment Income | 220,373 |
| Other Income | 511,829 |
| Total Employee Compensation & Benefits | 687,787 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 653,044 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,500 |
| Cost of Funds | 358,936 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 60,664 |
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