GEICO FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.geicofcu.org for more information.
Dec, 31, 2023 — GEICO FEDERAL CREDIT UNION is a federal credit union headquartered in Chevy Chase, MD with 10 branch locations and about $144.91 million in total assets. Opened 74 years ago in 1950, GEICO FEDERAL CREDIT UNION has about 19,017 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GEICO FEDERAL CREDIT UNION |
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Address: (Main Office) | 5260 Western Ave Chevy Chase, MD 20815 |
Phone: | (800) 542-7896 |
Fax: | (301) 718-5318 |
Website: | https://www.geicofcu.org |
Branches: | 10 branch locations |
Members: | 19,017 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 6912 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $144,913,845 |
CEO/Manager: | JAMES LEE |
Chairperson: | WILLIAM COSTA |
ASSETS: | $ Amount |
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Cash & Equivalents | 40,375,084 |
TOTAL INVESTMENTS | 46,245,094 |
Loans Held for Sale | 0 |
Real Estate Loans | 32,822,367 |
Unsecured Loans | 7,927,697 |
Other Loans | 15,899,452 |
TOTAL LOANS | 56,649,516 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -654,988 |
Land And Building | 0 |
Other Fixed Assets | 169,088 |
NCUSIF Deposit | 922,160 |
All Other Assets | 1,207,891 |
TOTAL ASSETS | 144,913,845 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,102,526 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,835,265 |
Regular shares | 51,180,301 |
All Other Shares & Deposits | 55,996,489 |
TOTAL SHARES & DEPOSITS | 131,012,055 |
TOTAL LIABILITIES | 132,114,581 |
Regular Reserve | 1,452,924 |
Other Reserves | 0 |
Undivided Earnings | 11,346,340 |
TOTAL EQUITY | 12,799,264 |
TOTAL LIABILITIES, SHARES, & EQUITY | 144,913,845 |
INCOME & EXPENSE | |
Loan Income | 1,537,556 |
Investment Income | 665,384 |
Other Income | 1,171,079 |
Total Employee Compensation & Benefits | 1,513,015 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,384,896 |
Non-operating Income & (Expense) | 1,482 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 429,408 |
Cost of Funds | 231,068 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -182,886 |
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