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GLENDALE AREA SCHOOLS CREDIT UNION

Jun, 30, 2023 — GLENDALE AREA SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in GLENDALE, CA with 2 branch locations and about $450.01 million in total assets. Opened 86 years ago in 1937, GLENDALE AREA SCHOOLS CREDIT UNION has about 11,322 members and employs 27 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:11,322
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:$450,007,215
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 33,666,935
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 67,123,439
 Unsecured Loans 10,552,203
 Other Loans 31,764,033
 TOTAL LOANS 109,439,675
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,256,647
 Land And Building 1,000,000
 Other Fixed Assets 203,750
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 450,007,215
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,054,805
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 78,881,227
 Regular shares 131,609,907
 All Other Shares & Deposits 195,451,968
  TOTAL SHARES & DEPOSITS 405,943,102
  TOTAL LIABILITIES 408,997,907
 Regular Reserve 0
 Other Reserves -12,661,891
 Undivided Earnings 53,671,199
  TOTAL EQUITY 41,009,308
  TOTAL LIABILITIES, SHARES, & EQUITY 450,007,215
INCOME & EXPENSE  
 Loan Income 2,721,396
 Investment Income 4,429,548
 Other Income 244,258
 Total Employee Compensation & Benefits 1,659,083
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,648,262
 Non-operating Income & (Expense) 44,382
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 225,000
 Cost of Funds 2,219,556
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,051,335
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