Dec, 31, 2023 — GIBBS ALUMINUM FEDERAL CREDIT UNION is a federal credit union headquartered in HENDERSON, KY with 1 branch location and about $6.00 million in total assets. Opened 57 years ago in 1967, GIBBS ALUMINUM FEDERAL CREDIT UNION has about 952 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GIBBS ALUMINUM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3093 Ohio Dr HENDERSON, KY 42420 |
| Phone: | (270) 827-7808 |
| Fax: | (270) 827-7870 |
| Website: | https://www.gibbsafcu.com |
| Branches: | 1 branch locations |
| Members: | 952 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18312 |
|---|---|
| Membership Type: | Manufacturing - Primary and Fabricated Metals |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Jan 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,999,613 |
| CEO/Manager: | CASSANDRA L SNODGRASS |
| Chairperson: | David McGan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 488,806 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 146,284 |
| Other Loans | 4,489,742 |
| TOTAL LOANS | 4,636,027 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,667 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 50,669 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,999,613 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,278 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 113,459 |
| Regular shares | 3,258,251 |
| All Other Shares & Deposits | 592,837 |
| TOTAL SHARES & DEPOSITS | 3,964,547 |
| TOTAL LIABILITIES | 3,982,825 |
| Regular Reserve | 0 |
| Other Reserves | 61,316 |
| Undivided Earnings | 1,955,472 |
| TOTAL EQUITY | 2,016,788 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,999,613 |
| INCOME & EXPENSE | |
| Loan Income | 213,185 |
| Investment Income | 40,781 |
| Other Income | 26,673 |
| Total Employee Compensation & Benefits | 63,220 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 121,628 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,287 |
| Cost of Funds | 44,133 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 40,371 |
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