Dec, 31, 2023 — GCS CREDIT UNION is a federally insured state chartered credit union headquartered in GRANITE CITY, IL with 9 branch locations and about $455.15 million in total assets. Opened 83 years ago in 1941, GCS CREDIT UNION has about 36,364 members and employs 113 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GCS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3970 Maryville Rd GRANITE CITY, IL 62040-4179 |
| Phone: | (618) 797-7993 |
| Fax: | (618) 797-2033 |
| Website: | https://revitycu.com |
| Branches: | 9 branch locations |
| Members: | 36,364 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68623 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $455,153,966 |
| CEO/Manager: | Keith A Burton |
| Chairperson: | Jim Devine |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,710,006 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 74,492,216 |
| Unsecured Loans | 26,939,950 |
| Other Loans | 145,557,515 |
| TOTAL LOANS | 246,989,681 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,970,057 |
| Land And Building | 9,823,056 |
| Other Fixed Assets | 1,863,281 |
| NCUSIF Deposit | 3,795,807 |
| All Other Assets | 0 |
| TOTAL ASSETS | 455,153,966 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 804,956 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 3,731,358 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 76,632,588 |
| Regular shares | 176,096,630 |
| All Other Shares & Deposits | 134,565,153 |
| TOTAL SHARES & DEPOSITS | 387,294,371 |
| TOTAL LIABILITIES | 416,830,685 |
| Regular Reserve | 0 |
| Other Reserves | -13,539,843 |
| Undivided Earnings | 51,863,124 |
| TOTAL EQUITY | 38,323,281 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 455,153,966 |
| INCOME & EXPENSE | |
| Loan Income | 11,814,392 |
| Investment Income | 6,280,367 |
| Other Income | 2,642,412 |
| Total Employee Compensation & Benefits | 7,806,150 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,770,143 |
| Non-operating Income & (Expense) | 1,088,440 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,560 |
| Cost of Funds | 7,178,196 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,761,386 |
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