Sep, 30, 2025 — GLENDALE AREA SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in GLENDALE, CA with 2 branch locations and about $433.93 million in total assets. Opened 89 years ago in 1937, GLENDALE AREA SCHOOLS CREDIT UNION has about 11,751 members and employs 29 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 AREA SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1800 BROADVIEW DR GLENDALE, CA 91208 |
| Phone: | (818) 248-7425 |
| Fax: | (818) 248-3486 |
| Website: | https://www.gascu.org |
| Branches: | 2 branch locations |
| Members: | 11,751 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97101 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $433,926,193 |
| CEO/Manager: | Wesley Walton |
| Chairperson: | Mary E Mirch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,529,089 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 61,629,259 |
| Unsecured Loans | 18,386,147 |
| Other Loans | 51,645,686 |
| TOTAL LOANS | 131,661,092 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,652,342 |
| Land And Building | 1,000,000 |
| Other Fixed Assets | 1,791,287 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 433,926,193 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 1,675,878 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 63,092,700 |
| Regular shares | 82,055,550 |
| All Other Shares & Deposits | 224,040,934 |
| TOTAL SHARES & DEPOSITS | 369,189,184 |
| TOTAL LIABILITIES | 390,865,062 |
| Regular Reserve | 0 |
| Other Reserves | -8,190,372 |
| Undivided Earnings | 51,251,503 |
| TOTAL EQUITY | 43,061,131 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 433,926,193 |
| INCOME & EXPENSE | |
| Loan Income | 5,898,133 |
| Investment Income | 6,015,081 |
| Other Income | 137,151 |
| Total Employee Compensation & Benefits | 2,150,814 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,199,845 |
| Non-operating Income & (Expense) | 36,179 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,000,000 |
| Cost of Funds | 6,147,332 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,015,121 |
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