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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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