Sep, 30, 2021 — GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Austin, TX with 6 branch locations and about $191.19 million in total assets. Opened 88 years ago in 1934, GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION has about 9,671 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 |
|---|---|
| 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: | 9,671 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $191,191,900 |
| CEO/Manager: | Dee Crisp |
| Chairperson: | Richard Paulson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 72,982,915 |
| TOTAL INVESTMENTS | 34,695,880 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,579,723 |
| Unsecured Loans | 2,403,910 |
| Other Loans | 38,289,760 |
| TOTAL LOANS | 79,273,393 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -65,623 |
| Land And Building | 1,675,335 |
| Other Fixed Assets | 251,811 |
| NCUSIF Deposit | 1,438,704 |
| All Other Assets | 939,485 |
| TOTAL ASSETS | 191,191,900 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,216 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,528,178 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,655,279 |
| Regular shares | 99,954,033 |
| All Other Shares & Deposits | 39,248,413 |
| TOTAL SHARES & DEPOSITS | 175,857,725 |
| TOTAL LIABILITIES | 177,387,119 |
| Regular Reserve | 2,896,034 |
| Other Reserves | 9,664 |
| Undivided Earnings | 10,899,083 |
| TOTAL EQUITY | 13,804,781 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 191,191,900 |
| INCOME & EXPENSE | |
| Loan Income | 2,053,264 |
| Investment Income | 269,174 |
| Other Income | 166,913 |
| Total Employee Compensation & Benefits | 1,597,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,281,362 |
| Non-operating Income & (Expense) | 561,348 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,028 |
| Cost of Funds | 147,692 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 509,404 |
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