Dec, 31, 2023 — GROVE CITY AREA FEDERAL CREDIT UNION is a federal credit union headquartered in GROVE CITY, PA with 2 branch locations and about $121.24 million in total assets. Opened 74 years ago in 1950, GROVE CITY AREA FEDERAL CREDIT UNION has about 9,209 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GROVE CITY AREA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1600 S CENTER STREET EXT GROVE CITY, PA 16127 |
Phone: | (724) 748-6091 |
Fax: | (724) 748-6100 |
Website: | https://www.gcafcu.org |
Branches: | 2 branch locations |
Members: | 9,209 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6722 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $121,241,126 |
CEO/Manager: | Alysia M McCandless |
Chairperson: | Robert Wilson |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,492,055 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,008,463 |
Unsecured Loans | 5,196,837 |
Other Loans | 25,255,893 |
TOTAL LOANS | 66,984,021 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -327,067 |
Land And Building | 2,040,064 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 1,028,445 |
All Other Assets | 13,220 |
TOTAL ASSETS | 121,241,126 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 63,403 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,343 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,480,402 |
Regular shares | 61,596,175 |
All Other Shares & Deposits | 19,913,020 |
TOTAL SHARES & DEPOSITS | 103,989,597 |
TOTAL LIABILITIES | 104,056,343 |
Regular Reserve | 0 |
Other Reserves | 292,382 |
Undivided Earnings | 16,892,401 |
TOTAL EQUITY | 17,184,783 |
TOTAL LIABILITIES, SHARES, & EQUITY | 121,241,126 |
INCOME & EXPENSE | |
Loan Income | 3,194,864 |
Investment Income | 874,178 |
Other Income | 596,076 |
Total Employee Compensation & Benefits | 1,312,941 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,680,612 |
Non-operating Income & (Expense) | 8,258 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 139,500 |
Cost of Funds | 584,034 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,582,142 |
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