Dec, 31, 2023 — GLENDALE FEDERAL CREDIT UNION is a federal credit union headquartered in GLENDALE, CA with 3 branch locations and about $103.62 million in total assets. Opened 73 years ago in 1951, GLENDALE FEDERAL CREDIT UNION has about 8,069 members and employs 14 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: | 3 branch locations |
| Members: | 8,069 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $103,619,076 |
| CEO/Manager: | Ehab Nawar |
| Chairperson: | Donald Kreitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,943,986 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,766,282 |
| Unsecured Loans | 4,792,642 |
| Other Loans | 30,239,311 |
| TOTAL LOANS | 65,798,235 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -279,365 |
| Land And Building | 3,254,318 |
| Other Fixed Assets | 160,191 |
| NCUSIF Deposit | 862,584 |
| All Other Assets | 0 |
| TOTAL ASSETS | 103,619,076 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 9,500,000 |
| Accounts Payable & Other Liabilities | 182,424 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,550,332 |
| Regular shares | 40,365,235 |
| All Other Shares & Deposits | 28,120,729 |
| TOTAL SHARES & DEPOSITS | 83,036,297 |
| TOTAL LIABILITIES | 92,718,721 |
| Regular Reserve | 0 |
| Other Reserves | 436,093 |
| Undivided Earnings | 10,464,262 |
| TOTAL EQUITY | 10,900,355 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 103,619,076 |
| INCOME & EXPENSE | |
| Loan Income | 3,138,179 |
| Investment Income | 695,342 |
| Other Income | 355,078 |
| Total Employee Compensation & Benefits | 1,268,176 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,829,129 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 26,600 |
| Cost of Funds | 1,069,638 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 330,000 |
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