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GORMAN-RUPP & ASSOCIATES CREDIT UNION

Jun, 30, 2021 — GORMAN-RUPP & ASSOCIATES CREDIT UNION is a non-federally insured state credit union headquartered in Mansfield, OH with 1 branch location and about $12.60 million in total assets. Opened 2021 years ago in 0, GORMAN-RUPP & ASSOCIATES CREDIT UNION has about 1,798 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GORMAN-RUPP & ASSOCIATES CREDIT UNION
Address:
(Main Office)
PO Box 1226
Mansfield, OH 44901
Phone:(419) 525-3800
Fax:(419) 525-3817
Website:https://grohiocu.com
Branches:1 branch locations
Members:1,798
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:96719
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:0
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$12,595,658
CEO/Manager:Scott M Donnenwirth
Chairperson:Carly Hollar

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,546,405
TOTAL INVESTMENTS 3,848,171
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 687,604
 Other Loans 6,151,967
 TOTAL LOANS 6,839,571
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -102,588
 Land And Building 265,005
 Other Fixed Assets 39,985
 NCUSIF Deposit 0
 All Other Assets 159,109
  TOTAL ASSETS 12,595,658
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 40,163
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,515,200
 Regular shares 5,741,040
 All Other Shares & Deposits 4,114,545
  TOTAL SHARES & DEPOSITS 11,370,785
  TOTAL LIABILITIES 11,410,948
 Regular Reserve 360,515
 Other Reserves 0
 Undivided Earnings 824,195
  TOTAL EQUITY 1,184,710
  TOTAL LIABILITIES, SHARES, & EQUITY 12,595,658
INCOME & EXPENSE  
 Loan Income 292,226
 Investment Income 4,372
 Other Income 38,037
 Total Employee Compensation & Benefits 135,188
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 142,244
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,013
 Cost of Funds 47,428
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,218
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