Dec, 31, 2023 — GUNDERSEN CREDIT UNION is a federally insured state chartered credit union headquartered in LA CROSSE, WI with 1 branch location and about $60.50 million in total assets. Opened 53 years ago in 1971, GUNDERSEN CREDIT UNION has about 3,511 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: | GUNDERSEN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1910 South Ave LA CROSSE, WI 54601 |
| Phone: | (608) 775-4715 |
| Fax: | (608) 775-3132 |
| Website: | https://www.gundersencu.org |
| Branches: | 1 branch locations |
| Members: | 3,511 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66477 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,501,431 |
| CEO/Manager: | Jeremy A Yardley |
| Chairperson: | Jon E Bingol |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,916,472 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,538,296 |
| Unsecured Loans | 3,068,198 |
| Other Loans | 15,877,789 |
| TOTAL LOANS | 44,953,834 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -137,890 |
| Land And Building | 0 |
| Other Fixed Assets | 248,080 |
| NCUSIF Deposit | 518,708 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,501,431 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,914 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 446,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,448,131 |
| Regular shares | 11,707,310 |
| All Other Shares & Deposits | 32,734,905 |
| TOTAL SHARES & DEPOSITS | 52,890,346 |
| TOTAL LIABILITIES | 53,351,061 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,150,370 |
| TOTAL EQUITY | 7,150,370 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,501,431 |
| INCOME & EXPENSE | |
| Loan Income | 1,787,877 |
| Investment Income | 236,171 |
| Other Income | 128,138 |
| Total Employee Compensation & Benefits | 778,090 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 824,305 |
| Non-operating Income & (Expense) | 39,483 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 48,382 |
| Cost of Funds | 694,551 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 102,407 |
| ↑ Back to Top | |