Dec, 31, 2023 — G. P. A. CREDIT UNION is a federally insured state chartered credit union headquartered in GARDEN CITY, GA with 1 branch location and about $14.33 million in total assets. Opened 72 years ago in 1952, G. P. A. CREDIT UNION has about 1,607 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | G. P. A. CREDIT UNION |
|---|---|
| Address: (Main Office) | 102 Main St GARDEN CITY, GA 31408 |
| Phone: | (912) 964-3995 |
| Fax: | (912) 966-6718 |
| Website: | https://gpa-cu.com |
| Branches: | 1 branch locations |
| Members: | 1,607 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67363 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,327,723 |
| CEO/Manager: | Robert J Cole |
| Chairperson: | Jim A Williams |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,516,861 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 411,051 |
| Other Loans | 4,372,199 |
| TOTAL LOANS | 4,783,250 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -135,653 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 136,586 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,327,723 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 247,075 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,241,808 |
| Regular shares | 8,693,010 |
| All Other Shares & Deposits | 2,154,030 |
| TOTAL SHARES & DEPOSITS | 12,088,848 |
| TOTAL LIABILITIES | 12,335,923 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,991,800 |
| TOTAL EQUITY | 1,991,800 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,327,723 |
| INCOME & EXPENSE | |
| Loan Income | 288,347 |
| Investment Income | 200,360 |
| Other Income | 31,730 |
| Total Employee Compensation & Benefits | 288,068 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 735,318 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 262,379 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -669,608 |
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