Dec, 31, 2023 — GARDEN CITY TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in GARDEN CITY, KS with 1 branch location and about $14.90 million in total assets. Opened 72 years ago in 1952, GARDEN CITY TEACHERS FEDERAL CREDIT UNION has about 2,000 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GARDEN CITY TEACHERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1601 E kansas plz GARDEN CITY, KS 67846 |
| Phone: | (620) 275-0131 |
| Fax: | (620) 275-4738 |
| Website: | https://gctcu.org |
| Branches: | 1 branch locations |
| Members: | 2,000 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7662 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,904,077 |
| CEO/Manager: | cynthia L means |
| Chairperson: | John Andrews |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,126,978 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 62,272 |
| Unsecured Loans | 877,586 |
| Other Loans | 7,872,086 |
| TOTAL LOANS | 8,811,944 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,545 |
| Land And Building | 807,612 |
| Other Fixed Assets | 47,782 |
| NCUSIF Deposit | 130,719 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,904,077 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,547 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 171,066 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,123,631 |
| Regular shares | 8,209,318 |
| All Other Shares & Deposits | 2,237,185 |
| TOTAL SHARES & DEPOSITS | 13,570,134 |
| TOTAL LIABILITIES | 13,743,747 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,160,330 |
| TOTAL EQUITY | 1,160,330 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,904,077 |
| INCOME & EXPENSE | |
| Loan Income | 497,783 |
| Investment Income | 137,762 |
| Other Income | 138,037 |
| Total Employee Compensation & Benefits | 321,282 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 408,250 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,800 |
| Cost of Funds | 24,973 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,148 |
| ↑ Back to Top | |