Mar, 31, 2021 — GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Austin, TX with 6 branch locations and about $175.81 million in total assets. Opened 87 years ago in 1934, GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION has about 9,681 members and employs 30 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 |
|---|---|
| Address: (Main Office) | PO Box 81535 Austin, TX 78708-1535 |
| Phone: | (512) 339-9812 |
| Fax: | (512) 836-3732 |
| Website: | http://www.gefcuaustin.org |
| Branches: | 6 branch locations |
| Members: | 9,681 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24465 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $175,806,296 |
| CEO/Manager: | Dee Crisp |
| Chairperson: | Richard Paulson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 60,812,641 |
| TOTAL INVESTMENTS | 32,194,039 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,444,947 |
| Unsecured Loans | 2,460,824 |
| Other Loans | 37,372,633 |
| TOTAL LOANS | 78,278,404 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,253 |
| Land And Building | 1,662,873 |
| Other Fixed Assets | 289,155 |
| NCUSIF Deposit | 1,438,704 |
| All Other Assets | 1,198,733 |
| TOTAL ASSETS | 175,806,296 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,299 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,636,630 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,805,311 |
| Regular shares | 86,310,718 |
| All Other Shares & Deposits | 37,539,571 |
| TOTAL SHARES & DEPOSITS | 160,655,600 |
| TOTAL LIABILITIES | 162,293,529 |
| Regular Reserve | 2,896,034 |
| Other Reserves | 17,144 |
| Undivided Earnings | 10,599,589 |
| TOTAL EQUITY | 13,512,767 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 175,806,296 |
| INCOME & EXPENSE | |
| Loan Income | 682,412 |
| Investment Income | 92,707 |
| Other Income | 52,378 |
| Total Employee Compensation & Benefits | 512,310 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 433,655 |
| Non-operating Income & (Expense) | 221,539 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,980 |
| Cost of Funds | 45,023 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 209,910 |
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