Dec, 31, 2021 — GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 6 branch locations and about $192.39 million in total assets. Opened 88 years ago in 1934, GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION has about 9,667 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 10806 Metric Blvd AUSTIN, TX 78758 |
Phone: | (512) 339-9812 |
Fax: | (512) 836-3732 |
Website: | http://www.gefcuaustin.org |
Branches: | 6 branch locations |
Members: | 9,667 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24465 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $192,389,174 |
CEO/Manager: | Dee Crisp |
Chairperson: | Richard Paulson |
ASSETS: | $ Amount |
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Cash & Equivalents | 58,569,854 |
TOTAL INVESTMENTS | 50,372,032 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,728,136 |
Unsecured Loans | 2,327,476 |
Other Loans | 38,056,077 |
TOTAL LOANS | 79,111,689 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,272 |
Land And Building | 1,655,975 |
Other Fixed Assets | 229,975 |
NCUSIF Deposit | 1,575,626 |
All Other Assets | 946,295 |
TOTAL ASSETS | 192,389,174 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,243 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,203,833 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 37,799,699 |
Regular shares | 100,174,493 |
All Other Shares & Deposits | 39,552,460 |
TOTAL SHARES & DEPOSITS | 177,526,652 |
TOTAL LIABILITIES | 178,731,728 |
Regular Reserve | 2,896,034 |
Other Reserves | -167,712 |
Undivided Earnings | 10,929,124 |
TOTAL EQUITY | 13,657,446 |
TOTAL LIABILITIES, SHARES, & EQUITY | 192,389,174 |
INCOME & EXPENSE | |
Loan Income | 2,723,969 |
Investment Income | 392,140 |
Other Income | 225,912 |
Total Employee Compensation & Benefits | 2,123,368 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,679,259 |
Non-operating Income & (Expense) | 561,348 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,705 |
Cost of Funds | 201,554 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 539,444 |
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