Dec, 31, 2022 — GLENDALE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 2 branch locations and about $111.68 million in total assets. Opened 72 years ago in 1951, GLENDALE FEDERAL CREDIT UNION has about 8,090 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GLENDALE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 E Wilson Ave GLENDALE, CA 91206 |
| Phone: | (818) 548-3976 |
| Fax: | (818) 545-7826 |
| Website: | https://www.glendalefcu.org |
| Branches: | 2 branch locations |
| Members: | 8,090 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7557 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $111,681,038 |
| CEO/Manager: | Ehab Nawar |
| Chairperson: | Donald Kreitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,013,364 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,512,999 |
| Unsecured Loans | 3,557,870 |
| Other Loans | 36,955,066 |
| TOTAL LOANS | 69,025,935 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -114,607 |
| Land And Building | 3,301,205 |
| Other Fixed Assets | 48,148 |
| NCUSIF Deposit | 878,626 |
| All Other Assets | 219,542 |
| TOTAL ASSETS | 111,681,038 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 8,500,000 |
| Accounts Payable & Other Liabilities | 76,119 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,275,014 |
| Regular shares | 47,898,280 |
| All Other Shares & Deposits | 26,376,760 |
| TOTAL SHARES & DEPOSITS | 92,550,054 |
| TOTAL LIABILITIES | 101,126,173 |
| Regular Reserve | 0 |
| Other Reserves | 240,074 |
| Undivided Earnings | 10,314,791 |
| TOTAL EQUITY | 10,554,865 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 111,681,038 |
| INCOME & EXPENSE | |
| Loan Income | 1,839,628 |
| Investment Income | 321,674 |
| Other Income | 216,168 |
| Total Employee Compensation & Benefits | 905,114 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,265,981 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 121,757 |
| Cost of Funds | 193,407 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 80,617 |
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