Dec, 31, 2023 — GUARDIAN CREDIT UNION is a federally insured state chartered credit union headquartered in OAK CREEK, WI with 6 branch locations and about $290.21 million in total assets. Opened 90 years ago in 1934, GUARDIAN CREDIT UNION has about 27,631 members and employs 93 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GUARDIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 7801 S Howell Ave OAK CREEK, WI 53154 |
| Phone: | (414) 546-7450 |
| Fax: | |
| Website: | https://www.guardiancu.org |
| Branches: | 6 branch locations |
| Members: | 27,631 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66638 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $290,212,434 |
| CEO/Manager: | Kevin Nitka |
| Chairperson: | Robert Jelinek |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,048,767 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 48,553,257 |
| Unsecured Loans | 4,887,529 |
| Other Loans | 131,294,356 |
| TOTAL LOANS | 184,735,142 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,324,777 |
| Land And Building | 9,343,395 |
| Other Fixed Assets | 582,124 |
| NCUSIF Deposit | 2,641,357 |
| All Other Assets | 14,635 |
| TOTAL ASSETS | 290,212,434 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,117 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,253,254 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 7,000,000 |
| Share Drafts | 73,632,916 |
| Regular shares | 130,910,406 |
| All Other Shares & Deposits | 54,718,846 |
| TOTAL SHARES & DEPOSITS | 259,262,168 |
| TOTAL LIABILITIES | 269,526,636 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 20,685,798 |
| TOTAL EQUITY | 20,685,798 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 290,212,434 |
| INCOME & EXPENSE | |
| Loan Income | 9,566,633 |
| Investment Income | 1,511,692 |
| Other Income | 3,316,014 |
| Total Employee Compensation & Benefits | 6,380,503 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,714,087 |
| Non-operating Income & (Expense) | -16,567 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,044,435 |
| Cost of Funds | 1,003,134 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,748,900 |
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