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GAIN FEDERAL CREDIT UNION

Jun, 30, 2021 — GAIN FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 2 branch locations and about $436.92 million in total assets. Opened 81 years ago in 1940, GAIN FEDERAL CREDIT UNION has about 20,499 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322274116
Name:GAIN FEDERAL CREDIT UNION
Address:
(Main Office)
1800 W. MAGNOLIA BLVD
BURBANK, CA 91506
Phone:(818) 846-1710
Fax:(818) 848-1526
Website:http://www.gainfcu.com
Branches:2 branch locations
Members:20,499
Credit Union Type:Federal Credit Union
Charter Number:3943
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1940
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$436,922,274
CEO/Manager:Darin Guggenheimer
Chairperson:Kim Freed

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 83,401,593
TOTAL INVESTMENTS 118,987,328
Loans Held for Sale 0
 
 Real Estate Loans 156,180,173
 Unsecured Loans 17,116,081
 Other Loans 46,630,030
 TOTAL LOANS 219,926,284
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,349,260
 Land And Building 9,993,003
 Other Fixed Assets 507,130
 NCUSIF Deposit 3,760,943
 All Other Assets 2,695,253
  TOTAL ASSETS 436,922,274
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,361,950
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 81,478,965
 Regular shares 193,037,201
 All Other Shares & Deposits 127,526,477
  TOTAL SHARES & DEPOSITS 402,042,643
  TOTAL LIABILITIES 405,404,593
 Regular Reserve 2,894,625
 Other Reserves -149,525
 Undivided Earnings 28,772,581
  TOTAL EQUITY 31,517,681
  TOTAL LIABILITIES, SHARES, & EQUITY 436,922,274
INCOME & EXPENSE  
 Loan Income 4,410,664
 Investment Income 515,497
 Other Income 950,788
 Total Employee Compensation & Benefits 3,270,261
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,485,927
 Non-operating Income & (Expense) 575,400
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 150,000
 Cost of Funds 602,916
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,326,822
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