Dec, 31, 2023 — GATEWAY METRO FEDERAL CREDIT UNION is a federal credit union headquartered in SHILOH, IL with 6 branch locations and about $174.26 million in total assets. Opened 89 years ago in 1935, GATEWAY METRO FEDERAL CREDIT UNION has about 10,542 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GATEWAY METRO FEDERAL CREDIT UNION |
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Address: (Main Office) | 848 N Green Mount Rd SHILOH, IL 62221-3354 |
Phone: | (314) 621-4575 |
Fax: | (618) 628-7813 |
Website: | https://www.gogmfcu.org |
Branches: | 6 branch locations |
Members: | 10,542 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24797 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $174,263,764 |
CEO/Manager: | Jerome Lewis |
Chairperson: | David Schmid |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,163,338 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 70,353,412 |
Unsecured Loans | 4,231,913 |
Other Loans | 33,628,016 |
TOTAL LOANS | 108,213,341 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,000,164 |
Land And Building | 5,232,966 |
Other Fixed Assets | 510,641 |
NCUSIF Deposit | 1,715,359 |
All Other Assets | 0 |
TOTAL ASSETS | 174,263,764 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 112,317 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 337,116 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,054,810 |
Regular shares | 56,870,750 |
All Other Shares & Deposits | 65,903,327 |
TOTAL SHARES & DEPOSITS | 162,828,887 |
TOTAL LIABILITIES | 163,278,320 |
Regular Reserve | 0 |
Other Reserves | -3,860,878 |
Undivided Earnings | 14,846,322 |
TOTAL EQUITY | 10,985,444 |
TOTAL LIABILITIES, SHARES, & EQUITY | 174,263,764 |
INCOME & EXPENSE | |
Loan Income | 5,106,201 |
Investment Income | 1,124,582 |
Other Income | 2,216,282 |
Total Employee Compensation & Benefits | 3,458,203 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,779,219 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 141,760 |
Cost of Funds | 986,877 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 758,598 |
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