Sep, 30, 2025 — 1ST GATEWAY CREDIT UNION is a federally insured state chartered credit union headquartered in CAMANCHE, IA with 7 branch locations and about $161.61 million in total assets. Opened 73 years ago in 1953, 1ST GATEWAY CREDIT UNION has about 10,479 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST GATEWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2603 Camanche Industrial Park Dr CAMANCHE, IA 52730-9500 |
| Phone: | (563) 243-4121 |
| Fax: | |
| Website: | https://www.1stgateway.org |
| Branches: | 7 branch locations |
| Members: | 10,479 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63124 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $161,614,272 |
| CEO/Manager: | Pat Drennen |
| Chairperson: | Kerry Kennedy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,097,652 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,026,005 |
| Unsecured Loans | 3,341,636 |
| Other Loans | 45,483,823 |
| TOTAL LOANS | 130,436,517 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -671,439 |
| Land And Building | 2,507,413 |
| Other Fixed Assets | 190,971 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,406,171 |
| All Other Assets | 254,606 |
| TOTAL ASSETS | 161,614,272 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 207,464 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -405,840 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,304,463 |
| Regular shares | 42,717,178 |
| All Other Shares & Deposits | 71,008,598 |
| TOTAL SHARES & DEPOSITS | 138,030,239 |
| TOTAL LIABILITIES | 137,831,863 |
| Regular Reserve | 0 |
| Other Reserves | 12,320,594 |
| Undivided Earnings | 11,461,815 |
| TOTAL EQUITY | 23,782,409 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 161,614,272 |
| INCOME & EXPENSE | |
| Loan Income | 5,720,867 |
| Investment Income | 1,119,981 |
| Other Income | 473,467 |
| Total Employee Compensation & Benefits | 2,555,258 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,195,786 |
| Non-operating Income & (Expense) | -3,116 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 258,984 |
| Cost of Funds | 1,787,329 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 955,000 |
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