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GLATCO CREDIT UNION

Jun, 30, 2021 — GLATCO CREDIT UNION is a federally insured state chartered credit union headquartered in SPRING GROVE, PA with 2 branch locations and about $52.32 million in total assets. Opened 44 years ago in 1977, GLATCO CREDIT UNION has about 3,228 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 231387974
Name:GLATCO CREDIT UNION
Address:
(Main Office)
PO BOX 197
SPRING GROVE, PA 17362
Phone:(717) 225-4548
Fax:(717) 225-7383
Website:http://www.glatcocu.com
Branches:2 branch locations
Members:3,228
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:63943
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1977
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$52,318,599
CEO/Manager:Brooke Bortner
Chairperson:Michelle L Mummert

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,350,211
TOTAL INVESTMENTS 34,827,980
Loans Held for Sale 0
 
 Real Estate Loans 2,139,401
 Unsecured Loans 4,339,189
 Other Loans 2,984,330
 TOTAL LOANS 9,462,920
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -204,181
 Land And Building 165,347
 Other Fixed Assets 28,351
 NCUSIF Deposit 409,588
 All Other Assets 278,383
  TOTAL ASSETS 52,318,599
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,152
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,728,160
 Regular shares 28,196,519
 All Other Shares & Deposits 8,343,716
  TOTAL SHARES & DEPOSITS 46,268,395
  TOTAL LIABILITIES 46,309,547
 Regular Reserve 505,751
 Other Reserves -16,225
 Undivided Earnings 5,519,526
  TOTAL EQUITY 6,009,052
  TOTAL LIABILITIES, SHARES, & EQUITY 52,318,599
INCOME & EXPENSE  
 Loan Income 204,096
 Investment Income 222,553
 Other Income 9,762
 Total Employee Compensation & Benefits 206,551
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 280,717
 Non-operating Income & (Expense) 10,870
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 730
 Cost of Funds 21,750
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,812
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