Sep, 30, 2025 — GATEWAY CREDIT UNION is a federally insured state chartered credit union headquartered in CLARKSVILLE, TN with 1 branch location and about $15.68 million in total assets. Opened 67 years ago in 1959, GATEWAY CREDIT UNION has about 2,194 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GATEWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 Otis Smith Dr CLARKSVILLE, TN 37043-8939 |
| Phone: | (931) 551-8271 |
| Fax: | (931) 551-3357 |
| Website: | https://www.gatewaycreditunion.com |
| Branches: | 1 branch locations |
| Members: | 2,194 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68171 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,677,219 |
| CEO/Manager: | Annette Passe |
| Chairperson: | James C Watts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,458,102 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,314,611 |
| Unsecured Loans | 1,734,189 |
| Other Loans | 7,034,731 |
| TOTAL LOANS | 11,083,531 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -230,605 |
| Land And Building | 823,759 |
| Other Fixed Assets | 67,592 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 128,722 |
| All Other Assets | 50,410 |
| TOTAL ASSETS | 15,677,219 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 50,822 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 101,693 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,504,742 |
| Regular shares | 6,324,706 |
| All Other Shares & Deposits | 5,290,651 |
| TOTAL SHARES & DEPOSITS | 14,120,098 |
| TOTAL LIABILITIES | 14,272,613 |
| Regular Reserve | 0 |
| Other Reserves | 996,572 |
| Undivided Earnings | 408,034 |
| TOTAL EQUITY | 1,404,606 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,677,219 |
| INCOME & EXPENSE | |
| Loan Income | 522,355 |
| Investment Income | 96,177 |
| Other Income | 140,896 |
| Total Employee Compensation & Benefits | 253,434 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 346,919 |
| Non-operating Income & (Expense) | 21,667 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 220,701 |
| Cost of Funds | 79,618 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -119,577 |
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