Dec, 31, 2023 — GOLD CREDIT UNION is a federally insured state chartered credit union headquartered in ALLENTOWN, PA with 2 branch locations and about $142.66 million in total assets. Opened 87 years ago in 1937, GOLD CREDIT UNION has about 9,295 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLD CREDIT UNION |
|---|---|
| Address: (Main Office) | 4703 Hamilton Blvd ALLENTOWN, PA 18103 |
| Phone: | (484) 223-4200 |
| Fax: | (484) 223-4250 |
| Website: | https://www.goldcu.org |
| Branches: | 2 branch locations |
| Members: | 9,295 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64884 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $142,658,632 |
| CEO/Manager: | Cheryl Bartholomew |
| Chairperson: | Erin Henry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,267,539 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 74,919,672 |
| Unsecured Loans | 14,375,628 |
| Other Loans | 18,288,781 |
| TOTAL LOANS | 107,584,081 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -841,351 |
| Land And Building | 1,631,325 |
| Other Fixed Assets | 804,659 |
| NCUSIF Deposit | 1,372,514 |
| All Other Assets | 0 |
| TOTAL ASSETS | 142,658,632 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 641,233 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,163,634 |
| Regular shares | 54,677,901 |
| All Other Shares & Deposits | 57,991,746 |
| TOTAL SHARES & DEPOSITS | 132,833,280 |
| TOTAL LIABILITIES | 133,474,513 |
| Regular Reserve | 0 |
| Other Reserves | -1,454,760 |
| Undivided Earnings | 10,638,879 |
| TOTAL EQUITY | 9,184,119 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 142,658,632 |
| INCOME & EXPENSE | |
| Loan Income | 5,350,594 |
| Investment Income | 706,978 |
| Other Income | 116,541 |
| Total Employee Compensation & Benefits | 4,155,779 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,308,474 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 841,050 |
| Cost of Funds | 1,732,845 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,548,700 |
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