Dec, 31, 2023 — GOLDEN CIRCLE CREDIT UNION is a federally insured state chartered credit union headquartered in MASSILLON, OH with 4 branch locations and about $110.49 million in total assets. Opened 84 years ago in 1940, GOLDEN CIRCLE CREDIT UNION has about 8,176 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLDEN CIRCLE CREDIT UNION |
|---|---|
| Address: (Main Office) | 4118 Lincoln Way E MASSILLON, OH 44646-3348 |
| Phone: | (330) 479-3130 |
| Fax: | (330) 479-3132 |
| Website: | https://www.goldencirclecu.com |
| Branches: | 4 branch locations |
| Members: | 8,176 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61239 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $110,492,090 |
| CEO/Manager: | Rita Nealis |
| Chairperson: | William Dixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,346,019 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,342,430 |
| Unsecured Loans | 7,027,980 |
| Other Loans | 27,386,033 |
| TOTAL LOANS | 49,756,443 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -868,246 |
| Land And Building | 1,886,464 |
| Other Fixed Assets | 132,507 |
| NCUSIF Deposit | 967,493 |
| All Other Assets | 0 |
| TOTAL ASSETS | 110,492,090 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,736 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,360,199 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,136,119 |
| Regular shares | 54,858,892 |
| All Other Shares & Deposits | 24,954,297 |
| TOTAL SHARES & DEPOSITS | 94,949,309 |
| TOTAL LIABILITIES | 96,320,244 |
| Regular Reserve | 0 |
| Other Reserves | -41,349 |
| Undivided Earnings | 14,213,195 |
| TOTAL EQUITY | 14,171,846 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 110,492,090 |
| INCOME & EXPENSE | |
| Loan Income | 2,633,352 |
| Investment Income | 1,634,520 |
| Other Income | 359,538 |
| Total Employee Compensation & Benefits | 1,796,554 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,263,712 |
| Non-operating Income & (Expense) | 173,927 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 162,121 |
| Cost of Funds | 314,060 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 650,019 |
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