Credit Unions Near Me
National Credit Union Service Organization

GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION (GGECU)

Mar, 31, 2021 — GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION (GGECU) is a federally insured state chartered credit union headquartered in Dickinson, TX with 1 branch location and about $7.57 million in total assets. Opened 88 years ago in 1933, GALVESTON GOVERNMENT EMPLOYEES CREDIT UNION (GGECU) has about 2,140 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)
PO Box 1149
Dickinson, TX 77539-1149
Phone:(409) 908-9834
Fax:(409) 908-9448
Website:http://www.ggecu.com
Branches:1 branch locations
Members:2,140
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:$7,568,055
CEO/Manager:Rachel J Jones
Chairperson:Barbara E Sanderson

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 814,611
TOTAL INVESTMENTS 203,053
Loans Held for Sale 0
 
 Real Estate Loans 38,178
 Unsecured Loans 429,277
 Other Loans 5,715,365
 TOTAL LOANS 6,182,820
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,484
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 68,038
 All Other Assets 314,017
  TOTAL ASSETS 7,568,055
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,540
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,088,256
 Regular shares 2,857,826
 All Other Shares & Deposits 2,016,153
  TOTAL SHARES & DEPOSITS 6,962,235
  TOTAL LIABILITIES 6,981,775
 Regular Reserve 331,699
 Other Reserves 0
 Undivided Earnings 254,581
  TOTAL EQUITY 586,280
  TOTAL LIABILITIES, SHARES, & EQUITY 7,568,055
INCOME & EXPENSE  
 Loan Income 95,885
 Investment Income 100
 Other Income 9,547
 Total Employee Compensation & Benefits 34,801
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,666
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 146
 Cost of Funds 7,620
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 8,102
↑ Back to Top

Other Credit Unions

ST. LUKE'S COMMUNITY FEDERAL CREDIT UNION
11011 Hall Rd
HOUSTON, TX 77089
MARATHON REPUBLIC FEDERAL CREDIT UNION
P. O. Box 2186
TEXAS CITY, TX 77592-2186
T. C. TEACHERS FEDERAL CREDIT UNION
PO Box 1150
TEXAS CITY, TX 77592
AMERICAN BAPTIST ASSOCIATION CREDIT UNION
PO Box 2167
ALVIN, TX 77512
GULF SHORE FEDERAL CREDIT UNION
P. O. Box 1499
TEXAS CITY, TX 77592-1499
BRAZOS COMMUNITY CREDIT UNION
PO Box 3003
ALVIN, TX 77512
ILA 1351 FEDERAL CREDIT UNION
10920 Spencer Hwy
LA PORTE, TX 77571
CHOCOLATE BAYOU COMMUNITY FEDERAL CREDIT UNION
P.O. Box 1694
ALVIN, TX 77512-1694
BEACON FEDERAL CREDIT UNION
PO Box 1704
LA PORTE, TX 77572
ASSOCIATED CREDIT UNION OF TEXAS
PO Box 9004
LEAGUE CITY, TX 77574