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MT GILEAD FEDERAL CREDIT UNION

Jun, 30, 2023 — MT GILEAD FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $77,535 in total assets. Opened 74 years ago in 1950, MT GILEAD FEDERAL CREDIT UNION has about 61 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MT GILEAD FEDERAL CREDIT UNION
Address:
(Main Office)
1625 13th ST NW
WASHINGTON, DC 20009
Phone:(202) 462-0427
Fax:(202) 462-3112
Website:n/a
Branches:1 branch locations
Members:61
Credit Union Type:Federal Credit Union
Charter Number:6506
Membership Type:Associational - Religious, other than those designated 'low-income'
Corporate Credit Union:No
Year Opened:1950
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$77,535
CEO/Manager:GLORIA D DOWNING
Chairperson:MICHAEL A COVINGTON

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 48,010
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 21,460
 Other Loans 0
 TOTAL LOANS 21,460
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,016
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 593
 All Other Assets 0
  TOTAL ASSETS 77,535
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 264
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 65,806
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 65,806
  TOTAL LIABILITIES 66,070
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 11,465
  TOTAL EQUITY 11,465
  TOTAL LIABILITIES, SHARES, & EQUITY 77,535
INCOME & EXPENSE  
 Loan Income 1,174
 Investment Income 2
 Other Income 105
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 936
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 345
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