Dec, 31, 2023 — GENERATIONS FEDERAL CREDIT UNION is a federal credit union headquartered in LA PORTE, IN with 1 branch location and about $12.61 million in total assets. Opened 46 years ago in 1978, GENERATIONS FEDERAL CREDIT UNION has about 1,457 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GENERATIONS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 706 BOYD BLVD LA PORTE, IN 46350 |
Phone: | (219) 326-5311 |
Fax: | (219) 326-0045 |
Website: | https://laportegenerationsfederalcreditunion.com/ |
Branches: | 1 branch locations |
Members: | 1,457 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23156 |
---|---|
Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,613,206 |
CEO/Manager: | JULIE A BABINEC |
Chairperson: | WENDELL W WILTFONG |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 429,229 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 488,624 |
Other Loans | 6,338,183 |
TOTAL LOANS | 6,830,104 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,126 |
Land And Building | 104,756 |
Other Fixed Assets | 31,297 |
NCUSIF Deposit | 122,601 |
All Other Assets | 0 |
TOTAL ASSETS | 12,613,206 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 315,000 |
Accounts Payable & Other Liabilities | 25,952 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,866,375 |
Regular shares | 8,191,708 |
All Other Shares & Deposits | 863,842 |
TOTAL SHARES & DEPOSITS | 10,921,925 |
TOTAL LIABILITIES | 11,262,877 |
Regular Reserve | 0 |
Other Reserves | 27,499 |
Undivided Earnings | 1,322,830 |
TOTAL EQUITY | 1,350,329 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,613,206 |
INCOME & EXPENSE | |
Loan Income | 321,278 |
Investment Income | 137,884 |
Other Income | 122,008 |
Total Employee Compensation & Benefits | 184,512 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 234,957 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,400 |
Cost of Funds | 58,979 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 127,450 |
↑ Back to Top |