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G.A.P. FEDERAL CREDIT UNION

Jun, 30, 2021 — G.A.P. FEDERAL CREDIT UNION is a federal credit union headquartered in JOHNSTOWN, PA with 5 branch locations and about $64.35 million in total assets. Opened 84 years ago in 1937, G.A.P. FEDERAL CREDIT UNION has about 5,948 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:G.A.P. FEDERAL CREDIT UNION
Address:
(Main Office)
111 FRANKLIN ST RM 224
JOHNSTOWN, PA 15901
Phone:(814) 535-4165
Fax:(814) 535-2175
Website:http://www.gapfcu.org
Branches:5 branch locations
Members:5,948
Credit Union Type:Federal Credit Union
Charter Number:2405
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1937
Last Audited:Jan 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$64,352,402
CEO/Manager:Diane G Lopez
Chairperson:Wendy Hudak

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,963,889
TOTAL INVESTMENTS 30,344,638
Loans Held for Sale 0
 
 Real Estate Loans 2,864,823
 Unsecured Loans 7,312,220
 Other Loans 12,522,116
 TOTAL LOANS 22,699,159
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -282,269
 Land And Building 147,430
 Other Fixed Assets 123,927
 NCUSIF Deposit 505,516
 All Other Assets 850,112
  TOTAL ASSETS 64,352,402
LIABILITIES & CAPITAL:  
 Dividends Payable 2,678
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 265,035
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,307,825
 Regular shares 35,774,178
 All Other Shares & Deposits 9,481,115
  TOTAL SHARES & DEPOSITS 57,563,118
  TOTAL LIABILITIES 57,830,831
 Regular Reserve 606,462
 Other Reserves 676,020
 Undivided Earnings 5,239,089
  TOTAL EQUITY 6,521,571
  TOTAL LIABILITIES, SHARES, & EQUITY 64,352,402
INCOME & EXPENSE  
 Loan Income 602,198
 Investment Income 228,898
 Other Income 34,501
 Total Employee Compensation & Benefits 395,086
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 472,100
 Non-operating Income & (Expense) 201,683
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 23,537
 Cost of Funds 23,861
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 152,696
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