Mar, 31, 2022 — GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 6 branch locations and about $197.26 million in total assets. Opened 88 years ago in 1934, GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION has about 9,664 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) | 10806 Metric Blvd AUSTIN, TX 78758 |
| Phone: | (512) 339-9812 |
| Fax: | (512) 836-3732 |
| Website: | http://www.gefcuaustin.org |
| Branches: | 6 branch locations |
| Members: | 9,664 |
| 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: | $197,263,398 |
| CEO/Manager: | Dee Crisp |
| Chairperson: | James Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,765,707 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,383,840 |
| Unsecured Loans | 2,149,775 |
| Other Loans | 37,706,748 |
| TOTAL LOANS | 78,240,363 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,528 |
| Land And Building | 1,655,600 |
| Other Fixed Assets | 209,083 |
| NCUSIF Deposit | 1,575,626 |
| All Other Assets | 0 |
| TOTAL ASSETS | 197,263,398 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,222 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,273,476 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,269,455 |
| Regular shares | 103,380,861 |
| All Other Shares & Deposits | 39,603,542 |
| TOTAL SHARES & DEPOSITS | 183,253,858 |
| TOTAL LIABILITIES | 184,528,556 |
| Regular Reserve | 0 |
| Other Reserves | 1,753,555 |
| Undivided Earnings | 10,981,287 |
| TOTAL EQUITY | 12,734,842 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 197,263,398 |
| INCOME & EXPENSE | |
| Loan Income | 644,023 |
| Investment Income | 160,640 |
| Other Income | 76,141 |
| Total Employee Compensation & Benefits | 508,754 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 428,740 |
| Non-operating Income & (Expense) | 35,275 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,282 |
| Cost of Funds | 53,385 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 52,163 |
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