GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.facebook.com for more information.
Sep, 30, 2025 — GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Galveston, TX with 0 branch location and about $2.71 million in total assets. Opened 75 years ago in 1951, GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 795 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GALVESTON SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 3429 Galveston, TX 77552 |
| Phone: | (409) 762-4974 |
| Fax: | (409) 762-5385 |
| Website: | https://www.facebook.com |
| Branches: | 0 branch locations |
| Members: | 795 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7092 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Feb 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,712,228 |
| CEO/Manager: | Ronesha V Holmes |
| Chairperson: | Tommie D Boudreaux |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 428,436 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 333,092 |
| Other Loans | 1,226,218 |
| TOTAL LOANS | 1,559,310 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,852 |
| Land And Building | 0 |
| Other Fixed Assets | 9,992 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 28,049 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,712,228 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 61,410 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 188,203 |
| Regular shares | 1,406,269 |
| All Other Shares & Deposits | 756,088 |
| TOTAL SHARES & DEPOSITS | 2,350,560 |
| TOTAL LIABILITIES | 2,411,970 |
| Regular Reserve | 0 |
| Other Reserves | 181,291 |
| Undivided Earnings | 118,967 |
| TOTAL EQUITY | 300,258 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,712,228 |
| INCOME & EXPENSE | |
| Loan Income | 109,931 |
| Investment Income | 1,812 |
| Other Income | 16,112 |
| Total Employee Compensation & Benefits | 103,701 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 53,395 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,997 |
| Cost of Funds | 2,415 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,601 |
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