Jun, 30, 2024 — GATEWAY CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, OR with 1 branch location and about $32.33 million in total assets. Opened 62 years ago in 1963, GATEWAY CREDIT UNION has about 2,451 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: | 2,451 |
| 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: | Oct 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,333,428 |
| CEO/Manager: | Marcos Sulistio |
| Chairperson: | Kenneth Larson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,658,411 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,265,267 |
| Unsecured Loans | 819,197 |
| Other Loans | 7,464,929 |
| TOTAL LOANS | 20,549,393 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,555 |
| Land And Building | 294,017 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 258,900 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,333,428 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 145,447 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,564,464 |
| Regular shares | 11,490,907 |
| All Other Shares & Deposits | 12,149,925 |
| TOTAL SHARES & DEPOSITS | 26,205,296 |
| TOTAL LIABILITIES | 26,350,743 |
| Regular Reserve | 0 |
| Other Reserves | 1,190,230 |
| Undivided Earnings | 4,792,455 |
| TOTAL EQUITY | 5,982,685 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,333,428 |
| INCOME & EXPENSE | |
| Loan Income | 602,665 |
| Investment Income | 90,746 |
| Other Income | 92,122 |
| Total Employee Compensation & Benefits | 397,351 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 229,424 |
| Non-operating Income & (Expense) | 35,247 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 114,490 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 120,483 |
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