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GLENDALE AREA SCHOOLS CREDIT UNION

Dec, 31, 2021 — GLENDALE AREA SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in GLENDALE, CA with 2 branch locations and about $465.53 million in total assets. Opened 85 years ago in 1937, GLENDALE AREA SCHOOLS CREDIT UNION has about 11,408 members and employs 24 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://gascu.org
Branches:2 branch locations
Members:11,408
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$465,528,645
CEO/Manager:Wesley Walton
Chairperson:Robert Ross

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,885,141
TOTAL INVESTMENTS 323,959,584
Loans Held for Sale 0
 
 Real Estate Loans 63,536,857
 Unsecured Loans 8,416,981
 Other Loans 32,752,621
 TOTAL LOANS 104,706,459
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,015,310
 Land And Building 1,000,000
 Other Fixed Assets 252,603
 NCUSIF Deposit 0
 All Other Assets 6,740,168
  TOTAL ASSETS 465,528,645
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,926,314
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 69,944,027
 Regular shares 128,682,740
 All Other Shares & Deposits 206,293,447
  TOTAL SHARES & DEPOSITS 404,920,214
  TOTAL LIABILITIES 406,846,528
 Regular Reserve 9,315,056
 Other Reserves -336,144
 Undivided Earnings 49,703,205
  TOTAL EQUITY 58,682,117
  TOTAL LIABILITIES, SHARES, & EQUITY 465,528,645
INCOME & EXPENSE  
 Loan Income 3,815,674
 Investment Income 3,858,752
 Other Income 197,747
 Total Employee Compensation & Benefits 2,009,069
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,150,773
 Non-operating Income & (Expense) 51,273
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 275,000
 Cost of Funds 3,255,185
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,713,636
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