Dec, 31, 2023 — GIDEON FEDERAL CREDIT UNION is a federal credit union headquartered in WAUKEGAN, IL with 2 branch locations and about $300,426 in total assets. Opened 26 years ago in 1998, GIDEON FEDERAL CREDIT UNION has about 435 members and employs 5 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: | 2 branch locations |
| Members: | 435 |
| 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: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $300,426 |
| CEO/Manager: | Phyllis Louis |
| Chairperson: | Calvin Carter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 120,552 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 21,327 |
| Other Loans | 0 |
| TOTAL LOANS | 21,327 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,252 |
| Land And Building | 0 |
| Other Fixed Assets | 533 |
| NCUSIF Deposit | 2,846 |
| All Other Assets | 0 |
| TOTAL ASSETS | 300,426 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 268 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 253,741 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 253,742 |
| TOTAL LIABILITIES | 254,010 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 46,416 |
| TOTAL EQUITY | 46,416 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 300,426 |
| INCOME & EXPENSE | |
| Loan Income | 1,376 |
| Investment Income | 4,463 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 150 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,185 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 628 |
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