Dec, 31, 2021 — GARDEN CITY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in GARDEN CITY, KS with 1 branch location and about $15.19 million in total assets. Opened 70 years ago in 1952, GARDEN CITY TEACHERS FEDERAL CREDIT UNION has about 2,058 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: | GARDEN CITY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1601 E kansas plz GARDEN CITY, KS 67846 |
| Phone: | (620) 275-0131 |
| Fax: | (620) 275-4738 |
| Website: | http://gctcu.org |
| Branches: | 1 branch locations |
| Members: | 2,058 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7662 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,192,223 |
| CEO/Manager: | cynthia L means |
| Chairperson: | troy r unruh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,101,833 |
| TOTAL INVESTMENTS | 303,365 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 196,714 |
| Unsecured Loans | 606,789 |
| Other Loans | 6,981,577 |
| TOTAL LOANS | 7,785,080 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -51,106 |
| Land And Building | 844,262 |
| Other Fixed Assets | 69,956 |
| NCUSIF Deposit | 122,738 |
| All Other Assets | 16,095 |
| TOTAL ASSETS | 15,192,223 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,571 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,284 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,022,917 |
| Regular shares | 8,413,614 |
| All Other Shares & Deposits | 2,690,007 |
| TOTAL SHARES & DEPOSITS | 14,126,538 |
| TOTAL LIABILITIES | 14,193,393 |
| Regular Reserve | 201,313 |
| Other Reserves | 0 |
| Undivided Earnings | 797,517 |
| TOTAL EQUITY | 998,830 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,192,223 |
| INCOME & EXPENSE | |
| Loan Income | 461,099 |
| Investment Income | 3,822 |
| Other Income | 106,030 |
| Total Employee Compensation & Benefits | 320,581 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 408,671 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,928 |
| Cost of Funds | 20,589 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -9,976 |
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