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GLENDALE AREA SCHOOLS CREDIT UNION

Jun, 30, 2021 — GLENDALE AREA SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in GLENDALE, CA with 2 branch locations and about $458.72 million in total assets. Opened 84 years ago in 1937, GLENDALE AREA SCHOOLS CREDIT UNION has about 11,498 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:11,498
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$458,723,851
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 34,622,132
TOTAL INVESTMENTS 320,172,324
Loans Held for Sale 0
 
 Real Estate Loans 49,063,854
 Unsecured Loans 7,541,115
 Other Loans 39,504,695
 TOTAL LOANS 96,109,664
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -944,250
 Land And Building 1,000,000
 Other Fixed Assets 284,586
 NCUSIF Deposit 0
 All Other Assets 7,479,395
  TOTAL ASSETS 458,723,851
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,307,580
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 66,012,274
 Regular shares 123,422,162
 All Other Shares & Deposits 208,303,629
  TOTAL SHARES & DEPOSITS 397,738,065
  TOTAL LIABILITIES 399,045,645
 Regular Reserve 9,315,056
 Other Reserves 1,858,026
 Undivided Earnings 48,505,124
  TOTAL EQUITY 59,678,206
  TOTAL LIABILITIES, SHARES, & EQUITY 458,723,851
INCOME & EXPENSE  
 Loan Income 1,975,880
 Investment Income 1,757,593
 Other Income 81,979
 Total Employee Compensation & Benefits 989,171
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,103,761
 Non-operating Income & (Expense) 25,048
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 125,000
 Cost of Funds 1,716,492
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 512,121
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