Dec, 31, 2023 — GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in AUSTIN, TX with 6 branch locations and about $185.94 million in total assets. Opened 90 years ago in 1934, GOVERNMENT EMPLOYEES FEDERAL CREDIT UNION has about 9,883 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: | https://www.gefcuaustin.org |
| Branches: | 6 branch locations |
| Members: | 9,883 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $185,941,775 |
| CEO/Manager: | Dee Crisp |
| Chairperson: | James Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,031,085 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 51,655,136 |
| Unsecured Loans | 3,133,242 |
| Other Loans | 57,016,526 |
| TOTAL LOANS | 111,804,909 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,867 |
| Land And Building | 1,618,542 |
| Other Fixed Assets | 261,791 |
| NCUSIF Deposit | 1,618,054 |
| All Other Assets | 0 |
| TOTAL ASSETS | 185,941,775 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 495,238 |
| Accounts Payable & Other Liabilities | 1,567,176 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,551,478 |
| Regular shares | 97,482,489 |
| All Other Shares & Deposits | 32,828,918 |
| TOTAL SHARES & DEPOSITS | 170,862,885 |
| TOTAL LIABILITIES | 172,925,299 |
| Regular Reserve | 0 |
| Other Reserves | -269,761 |
| Undivided Earnings | 13,286,237 |
| TOTAL EQUITY | 13,016,476 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 185,941,775 |
| INCOME & EXPENSE | |
| Loan Income | 3,893,934 |
| Investment Income | 1,794,422 |
| Other Income | 375,083 |
| Total Employee Compensation & Benefits | 2,306,944 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,011,588 |
| Non-operating Income & (Expense) | 4,601 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,308 |
| Cost of Funds | 644,347 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,591,442 |
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