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GAIN FEDERAL CREDIT UNION

Dec, 31, 2021 — GAIN FEDERAL CREDIT UNION is a federal credit union headquartered in BURBANK, CA with 2 branch locations and about $445.69 million in total assets. Opened 82 years ago in 1940, GAIN FEDERAL CREDIT UNION has about 20,466 members and employs 75 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 91506-1726
Phone:(818) 846-1710
Fax:(818) 848-1526
Website:http://www.gainfcu.com
Branches:2 branch locations
Members:20,466
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:$445,686,371
CEO/Manager:Darin Guggenheimer
Chairperson:Kim Freed

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 60,688,008
TOTAL INVESTMENTS 146,685,965
Loans Held for Sale 0
 
 Real Estate Loans 154,681,465
 Unsecured Loans 18,014,696
 Other Loans 50,567,365
 TOTAL LOANS 223,263,526
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,934,170
 Land And Building 9,845,364
 Other Fixed Assets 717,539
 NCUSIF Deposit 3,909,820
 All Other Assets 2,510,319
  TOTAL ASSETS 445,686,371
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,188,614
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 83,531,292
 Regular shares 206,069,479
 All Other Shares & Deposits 123,259,197
  TOTAL SHARES & DEPOSITS 412,859,968
  TOTAL LIABILITIES 416,048,582
 Regular Reserve 2,894,625
 Other Reserves -2,709,275
 Undivided Earnings 29,452,439
  TOTAL EQUITY 29,637,789
  TOTAL LIABILITIES, SHARES, & EQUITY 445,686,371
INCOME & EXPENSE  
 Loan Income 8,638,782
 Investment Income 1,195,368
 Other Income 1,722,384
 Total Employee Compensation & Benefits 6,548,998
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,236,958
 Non-operating Income & (Expense) 579,666
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -100,000
 Cost of Funds 1,087,045
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,006,680
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