Jun, 30, 2023 — GOLDEN CIRCLE CREDIT UNION is a federally insured state chartered credit union headquartered in MASSILLON, OH with 2 branch locations and about $95.17 million in total assets. Opened 83 years ago in 1940, GOLDEN CIRCLE CREDIT UNION has about 6,572 members and employs 18 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: | 2 branch locations |
| Members: | 6,572 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $95,174,388 |
| CEO/Manager: | Rita Nealis |
| Chairperson: | William Dixon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,752,770 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,098,951 |
| Unsecured Loans | 2,851,921 |
| Other Loans | 24,579,284 |
| TOTAL LOANS | 41,530,156 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -303,721 |
| Land And Building | 1,598,280 |
| Other Fixed Assets | 82,863 |
| NCUSIF Deposit | 835,852 |
| All Other Assets | 0 |
| TOTAL ASSETS | 95,174,388 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,786 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 577,817 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,825,774 |
| Regular shares | 46,569,104 |
| All Other Shares & Deposits | 23,758,812 |
| TOTAL SHARES & DEPOSITS | 83,153,690 |
| TOTAL LIABILITIES | 83,735,293 |
| Regular Reserve | 0 |
| Other Reserves | -2,401,279 |
| Undivided Earnings | 13,840,374 |
| TOTAL EQUITY | 11,439,095 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 95,174,388 |
| INCOME & EXPENSE | |
| Loan Income | 1,201,495 |
| Investment Income | 539,846 |
| Other Income | 192,497 |
| Total Employee Compensation & Benefits | 901,701 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,054,138 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,846 |
| Cost of Funds | 94,775 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -558,712 |
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