Dec, 31, 2023 — GRAPHIC ARTS CREDIT UNION is a federally insured state chartered credit union headquartered in SHREVEPORT, LA with 2 branch locations and about $1.21 million in total assets. Opened 72 years ago in 1952, GRAPHIC ARTS CREDIT UNION has about 412 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRAPHIC ARTS CREDIT UNION |
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Address: (Main Office) | 401 Edwards St Ste 210 SHREVEPORT, LA 71101-5557 |
Phone: | (318) 208-8504 |
Fax: | (318) 208-8515 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 412 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60261 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,208,850 |
CEO/Manager: | Freddie Washington |
Chairperson: | Kevin McFerren |
ASSETS: | $ Amount |
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Cash & Equivalents | 188,354 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 479,766 |
Other Loans | 605,171 |
TOTAL LOANS | 1,084,937 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,235 |
Land And Building | 0 |
Other Fixed Assets | 1,928 |
NCUSIF Deposit | 8,866 |
All Other Assets | 0 |
TOTAL ASSETS | 1,208,850 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,279 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,718 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 824,067 |
All Other Shares & Deposits | 1,045 |
TOTAL SHARES & DEPOSITS | 825,112 |
TOTAL LIABILITIES | 830,109 |
Regular Reserve | 0 |
Other Reserves | 163,090 |
Undivided Earnings | 215,651 |
TOTAL EQUITY | 378,741 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,208,850 |
INCOME & EXPENSE | |
Loan Income | 110,647 |
Investment Income | 140 |
Other Income | 20,298 |
Total Employee Compensation & Benefits | 68,664 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,652 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 119,429 |
Cost of Funds | 12,834 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -101,494 |
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