Dec, 31, 2023 — GABRIELS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in LANSING, MI with 1 branch location and about $27.12 million in total assets. Opened 67 years ago in 1957, GABRIELS COMMUNITY CREDIT UNION has about 2,712 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GABRIELS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1901 E Michigan Ave LANSING, MI 48912-2844 |
| Phone: | (517) 484-0601 |
| Fax: | (517) 484-1448 |
| Website: | https://www.gabrielscu.com |
| Branches: | 1 branch locations |
| Members: | 2,712 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61630 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,116,850 |
| CEO/Manager: | Amy Coe |
| Chairperson: | Kenneth Murdoch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,520,583 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,297,510 |
| Unsecured Loans | 2,494,048 |
| Other Loans | 9,893,368 |
| TOTAL LOANS | 23,729,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,121,728 |
| Land And Building | 2,638,595 |
| Other Fixed Assets | 180,570 |
| NCUSIF Deposit | 287,463 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,116,850 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,853,945 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,356,297 |
| Regular shares | 6,696,435 |
| All Other Shares & Deposits | 15,671,758 |
| TOTAL SHARES & DEPOSITS | 25,724,489 |
| TOTAL LIABILITIES | 29,578,434 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | -2,461,584 |
| TOTAL EQUITY | -2,461,584 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,116,850 |
| INCOME & EXPENSE | |
| Loan Income | 1,865,384 |
| Investment Income | 136,932 |
| Other Income | 402,463 |
| Total Employee Compensation & Benefits | 941,084 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,382,614 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,792,224 |
| Cost of Funds | 453,276 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,107,757 |
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