Dec, 31, 2023 — GATEWAY CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, OR with 1 branch location and about $29.15 million in total assets. Opened 61 years ago in 1963, GATEWAY CREDIT UNION has about 2,246 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GATEWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 3030 Gateway Loop SPRINGFIELD, OR 97477 |
| Phone: | (541) 741-2605 |
| Fax: | (541) 762-4604 |
| Website: | https://www.yourgcu.org |
| Branches: | 1 branch locations |
| Members: | 2,246 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63476 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,145,678 |
| CEO/Manager: | Marcos Sulistio |
| Chairperson: | Steve Cheek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 571,269 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,785,320 |
| Unsecured Loans | 776,905 |
| Other Loans | 7,030,394 |
| TOTAL LOANS | 21,592,618 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,059 |
| Land And Building | 277,200 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 248,431 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,145,678 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 129,341 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,942,126 |
| Regular shares | 8,617,210 |
| All Other Shares & Deposits | 11,078,217 |
| TOTAL SHARES & DEPOSITS | 22,637,554 |
| TOTAL LIABILITIES | 22,766,895 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,378,783 |
| TOTAL EQUITY | 6,378,783 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,145,678 |
| INCOME & EXPENSE | |
| Loan Income | 961,206 |
| Investment Income | 179,213 |
| Other Income | 85,338 |
| Total Employee Compensation & Benefits | 576,996 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 377,217 |
| Non-operating Income & (Expense) | 268,060 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,000 |
| Cost of Funds | 244,308 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 339,738 |
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