Dec, 31, 2023 — GALAXY FEDERAL CREDIT UNION is a federal credit union headquartered in FRANKLIN, PA with 1 branch location and about $59.42 million in total assets. Opened 84 years ago in 1940, GALAXY FEDERAL CREDIT UNION has about 4,659 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GALAXY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1313 Liberty St FRANKLIN, PA 16323 |
| Phone: | (814) 432-1207 |
| Fax: | (814) 437-3134 |
| Website: | https://www.galaxyfcu.com |
| Branches: | 1 branch locations |
| Members: | 4,659 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4116 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,419,860 |
| CEO/Manager: | Donald G Pfohl |
| Chairperson: | Dennis Hoover |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,144,453 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,581,427 |
| Unsecured Loans | 1,224,166 |
| Other Loans | 20,151,253 |
| TOTAL LOANS | 30,956,846 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -165,599 |
| Land And Building | 186,231 |
| Other Fixed Assets | 98,451 |
| NCUSIF Deposit | 478,734 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,419,860 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 41,916 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 94,074 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,843,640 |
| Regular shares | 27,909,197 |
| All Other Shares & Deposits | 10,227,712 |
| TOTAL SHARES & DEPOSITS | 47,980,550 |
| TOTAL LIABILITIES | 48,116,540 |
| Regular Reserve | 0 |
| Other Reserves | -55,832 |
| Undivided Earnings | 11,359,152 |
| TOTAL EQUITY | 11,303,320 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,419,860 |
| INCOME & EXPENSE | |
| Loan Income | 1,404,381 |
| Investment Income | 444,647 |
| Other Income | 102,750 |
| Total Employee Compensation & Benefits | 743,257 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 712,771 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 392 |
| Cost of Funds | 293,911 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 413,873 |
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