MOUNTAIN GEM CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mountaingemcu.org for more information.
Dec, 31, 2023 — MOUNTAIN GEM CREDIT UNION is a federally insured state chartered credit union headquartered in NAMPA, ID with 1 branch location and about $19.48 million in total assets. Opened 68 years ago in 1956, MOUNTAIN GEM CREDIT UNION has about 2,289 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.
Name: | MOUNTAIN GEM CREDIT UNION |
---|---|
Address: (Main Office) | PO BOX 309 NAMPA, ID 83653 |
Phone: | (208) 466-9455 |
Fax: | (208) 466-5615 |
Website: | https://www.mountaingemcu.org |
Branches: | 1 branch locations |
Members: | 2,289 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65858 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,477,332 |
CEO/Manager: | Cheri L Schaafs |
Chairperson: | Leroy Gillatt |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 9,024,183 |
TOTAL INVESTMENTS | 133,679 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,108,749 |
Unsecured Loans | 631,482 |
Other Loans | 7,376,735 |
TOTAL LOANS | 10,116,966 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,589 |
Land And Building | 0 |
Other Fixed Assets | 58,311 |
NCUSIF Deposit | 169,880 |
All Other Assets | 83,902 |
TOTAL ASSETS | 19,477,332 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,770 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,743 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,755,474 |
Regular shares | 6,535,839 |
All Other Shares & Deposits | 8,084,475 |
TOTAL SHARES & DEPOSITS | 18,375,788 |
TOTAL LIABILITIES | 18,400,301 |
Regular Reserve | 353,622 |
Other Reserves | 0 |
Undivided Earnings | 723,409 |
TOTAL EQUITY | 1,077,031 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,477,332 |
INCOME & EXPENSE | |
Loan Income | 277,964 |
Investment Income | 3,588 |
Other Income | 121,537 |
Total Employee Compensation & Benefits | 225,802 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 249,644 |
Non-operating Income & (Expense) | 1,070 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,586 |
Cost of Funds | 28,698 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -109,568 |
↑ Back to Top |