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MT GILEAD FEDERAL CREDIT UNION

Jun, 30, 2021 — MT GILEAD FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON, DC with 1 branch location and about $66,598 in total assets. Opened 71 years ago in 1950, MT GILEAD FEDERAL CREDIT UNION has about 62 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:62
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$66,598
CEO/Manager:GLORIA D DOWNING
Chairperson:MICHAEL A COVINGTON

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 53,402
TOTAL INVESTMENTS 4,669
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 9,005
 Other Loans 0
 TOTAL LOANS 9,005
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,016
 Land And Building 0
 Other Fixed Assets 177
 NCUSIF Deposit 550
 All Other Assets 811
  TOTAL ASSETS 66,598
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 266
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 55,001
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 55,001
  TOTAL LIABILITIES 55,267
 Regular Reserve 1,374
 Other Reserves 0
 Undivided Earnings 9,957
  TOTAL EQUITY 11,331
  TOTAL LIABILITIES, SHARES, & EQUITY 66,598
INCOME & EXPENSE  
 Loan Income 471
 Investment Income 15
 Other Income 23
 Total Employee Compensation & Benefits 0
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 573
 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) -64
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