Dec, 31, 2023 — GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in LYNCHBURG, VA with 1 branch location and about $2.00 million in total assets. Opened 55 years ago in 1969, GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION has about 394 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GLAMORGAN EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 21 7th St LYNCHBURG, VA 24504-1323 |
| Phone: | (434) 845-3801 |
| Fax: | (434) 845-6167 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 394 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19416 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,003,832 |
| CEO/Manager: | Alfreda B Cundiff |
| Chairperson: | Sylvester O Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 654,604 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 377,564 |
| Other Loans | 559,502 |
| TOTAL LOANS | 937,066 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,729 |
| Land And Building | 0 |
| Other Fixed Assets | 766 |
| NCUSIF Deposit | 14,019 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,003,832 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,211 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,328,009 |
| All Other Shares & Deposits | 46,640 |
| TOTAL SHARES & DEPOSITS | 1,374,648 |
| TOTAL LIABILITIES | 1,379,859 |
| Regular Reserve | 0 |
| Other Reserves | 3,622 |
| Undivided Earnings | 620,351 |
| TOTAL EQUITY | 623,973 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,003,832 |
| INCOME & EXPENSE | |
| Loan Income | 129,759 |
| Investment Income | 3,057 |
| Other Income | 12,589 |
| Total Employee Compensation & Benefits | 53,866 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 48,525 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 4,357 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,268 |
| ↑ Back to Top | |