Dec, 31, 2023 — GROVE CITY AREA FEDERAL CREDIT UNION is a federal credit union headquartered in GROVE CITY, PA with 2 branch locations and about $121.24 million in total assets. Opened 74 years ago in 1950, GROVE CITY AREA FEDERAL CREDIT UNION has about 9,209 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GROVE CITY AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1600 S CENTER STREET EXT GROVE CITY, PA 16127 |
| Phone: | (724) 748-6091 |
| Fax: | (724) 748-6100 |
| Website: | https://www.gcafcu.org |
| Branches: | 2 branch locations |
| Members: | 9,209 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6722 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $121,241,126 |
| CEO/Manager: | Alysia M McCandless |
| Chairperson: | Robert Wilson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,492,055 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,008,463 |
| Unsecured Loans | 5,196,837 |
| Other Loans | 25,255,893 |
| TOTAL LOANS | 66,984,021 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -327,067 |
| Land And Building | 2,040,064 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 1,028,445 |
| All Other Assets | 13,220 |
| TOTAL ASSETS | 121,241,126 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,403 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,343 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,480,402 |
| Regular shares | 61,596,175 |
| All Other Shares & Deposits | 19,913,020 |
| TOTAL SHARES & DEPOSITS | 103,989,597 |
| TOTAL LIABILITIES | 104,056,343 |
| Regular Reserve | 0 |
| Other Reserves | 292,382 |
| Undivided Earnings | 16,892,401 |
| TOTAL EQUITY | 17,184,783 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 121,241,126 |
| INCOME & EXPENSE | |
| Loan Income | 3,194,864 |
| Investment Income | 874,178 |
| Other Income | 596,076 |
| Total Employee Compensation & Benefits | 1,312,941 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,680,612 |
| Non-operating Income & (Expense) | 8,258 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 139,500 |
| Cost of Funds | 584,034 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,582,142 |
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