Dec, 31, 2021 — GIDEON FEDERAL CREDIT UNION is a federal credit union headquartered in WAUKEGAN, IL with 1 branch location and about $268,491 in total assets. Opened 24 years ago in 1998, GIDEON FEDERAL CREDIT UNION has about 303 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GIDEON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1500 W Ridgeland Ave WAUKEGAN, IL 60085-2738 |
| Phone: | (847) 662-7672 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 303 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24614 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1998 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $268,491 |
| CEO/Manager: | Phyllis Louis |
| Chairperson: | Calvin Carter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 192,683 |
| TOTAL INVESTMENTS | 63,741 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 12,823 |
| Other Loans | 0 |
| TOTAL LOANS | 12,823 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,307 |
| Land And Building | 0 |
| Other Fixed Assets | 31 |
| NCUSIF Deposit | 2,520 |
| All Other Assets | 0 |
| TOTAL ASSETS | 268,491 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 240,458 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 240,458 |
| TOTAL LIABILITIES | 240,518 |
| Regular Reserve | 13,949 |
| Other Reserves | 0 |
| Undivided Earnings | 14,024 |
| TOTAL EQUITY | 27,973 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 268,491 |
| INCOME & EXPENSE | |
| Loan Income | 938 |
| Investment Income | 986 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 0 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,332 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 28 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -436 |
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