Dec, 31, 2023 — GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PARSIPPANY, NJ with 1 branch location and about $5.53 million in total assets. Opened 87 years ago in 1937, GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION has about 533 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GAF LINDEN EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 Campus Dr PARSIPPANY, NJ 07054-4404 |
Phone: | (973) 628-3852 |
Fax: | (973) 628-3563 |
Website: | https://www.gafcreditunion.org |
Branches: | 1 branch locations |
Members: | 533 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 2348 |
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Membership Type: | Multiple common bond - Primarily chemical |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,525,598 |
CEO/Manager: | Denise Faver |
Chairperson: | Lori Starr |
ASSETS: | $ Amount |
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Cash & Equivalents | 133,926 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 166,862 |
Unsecured Loans | 563,947 |
Other Loans | 637,420 |
TOTAL LOANS | 1,368,230 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,410 |
Land And Building | 0 |
Other Fixed Assets | 84 |
NCUSIF Deposit | 48,631 |
All Other Assets | 0 |
TOTAL ASSETS | 5,525,598 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,541 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 215,478 |
Regular shares | 4,526,437 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 4,741,916 |
TOTAL LIABILITIES | 4,748,457 |
Regular Reserve | 0 |
Other Reserves | 55,439 |
Undivided Earnings | 721,702 |
TOTAL EQUITY | 777,141 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,525,598 |
INCOME & EXPENSE | |
Loan Income | 81,160 |
Investment Income | 76,055 |
Other Income | 3,106 |
Total Employee Compensation & Benefits | 87,994 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 39,604 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 800 |
Cost of Funds | 7,262 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,585 |
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