Dec, 31, 2021 — GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION (GGECU) is a federally insured state chartered credit union headquartered in LA MARQUE, TX with 1 branch location and about $7.68 million in total assets. Opened 89 years ago in 1933, GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION (GGECU) has about 2,130 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION |
---|---|
Address: (Main Office) | 14041 Delaney St LA MARQUE, TX 77568 |
Phone: | (409) 908-9834 |
Fax: | (409) 908-9448 |
Website: | www.ggecu.com |
Branches: | 1 branch locations |
Members: | 2,130 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67427 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,679,954 |
CEO/Manager: | Rachel J Jones |
Chairperson: | Barbara E Sanderson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 838,644 |
TOTAL INVESTMENTS | 1,245,053 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,892 |
Unsecured Loans | 337,035 |
Other Loans | 5,170,410 |
TOTAL LOANS | 5,515,337 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,529 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 69,885 |
All Other Assets | 28,564 |
TOTAL ASSETS | 7,679,954 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,163 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,136,475 |
Regular shares | 2,978,093 |
All Other Shares & Deposits | 1,911,053 |
TOTAL SHARES & DEPOSITS | 7,025,621 |
TOTAL LIABILITIES | 7,037,784 |
Regular Reserve | 331,699 |
Other Reserves | 0 |
Undivided Earnings | 310,471 |
TOTAL EQUITY | 642,170 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,679,954 |
INCOME & EXPENSE | |
Loan Income | 359,140 |
Investment Income | 886 |
Other Income | 43,663 |
Total Employee Compensation & Benefits | 156,538 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 252,328 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 262 |
Cost of Funds | 27,113 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 63,993 |
↑ Back to Top |