Dec, 31, 2023 — GESA CREDIT UNION is a federally insured state chartered credit union headquartered in RICHLAND, WA with 33 branch locations and about $5.46 billion in total assets. Opened 71 years ago in 1953, GESA CREDIT UNION has about 288,611 members and employs 807 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GESA CREDIT UNION |
---|---|
Address: (Main Office) | 51 Gage Blvd RICHLAND, WA 99352 |
Phone: | (509) 378-3100 |
Fax: | (509) 378-3436 |
Website: | https://www.gesa.com |
Branches: | 33 branch locations |
Members: | 288,611 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68278 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,461,068,630 |
CEO/Manager: | Don C Miller |
Chairperson: | Geof Griebel |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 483,217,077 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 373,602 |
Real Estate Loans | 2,048,812,114 |
Unsecured Loans | 293,325,591 |
Other Loans | 1,949,524,524 |
TOTAL LOANS | 4,291,662,229 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -46,296,314 |
Land And Building | 90,623,033 |
Other Fixed Assets | 21,979,876 |
NCUSIF Deposit | 40,424,881 |
All Other Assets | 4,825,753 |
TOTAL ASSETS | 5,461,068,630 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 253,714 |
Notes & Interest Payable | 392,500,000 |
Accounts Payable & Other Liabilities | 84,698,287 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 979,098,362 |
Regular shares | 1,649,621,218 |
All Other Shares & Deposits | 1,835,565,275 |
TOTAL SHARES & DEPOSITS | 4,464,284,855 |
TOTAL LIABILITIES | 4,942,354,466 |
Regular Reserve | 0 |
Other Reserves | 150,330,874 |
Undivided Earnings | 368,383,290 |
TOTAL EQUITY | 518,714,164 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,461,068,630 |
INCOME & EXPENSE | |
Loan Income | 206,338,344 |
Investment Income | 23,072,710 |
Other Income | 17,901,451 |
Total Employee Compensation & Benefits | 72,536,647 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 78,489,180 |
Non-operating Income & (Expense) | -3,732,340 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,083,886 |
Cost of Funds | 73,018,523 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,258,601 |
↑ Back to Top |