Financials

STATEMENT OF FINANCIAL CONDITION – PERIOD ENDING MARCH 31, 2020

ASSETS AMOUNT
Regular Loans $ 9,239,964
Leases – – –
Educational Loans – – –
Real Estate Loans 3,599,331
Commercial Real Estate Loans 300,921
ODP Loans 6,185
Visa Loans 488,300
Loans In Liquidation – – –
Total Loans 13,634,701
Allowance For Loan Loss (91,195)
Allowance For ODP (1,266)
Net Loans 13,542,241
Cash On Hand 634,116
US Government Obligations – – –
Other Certificates 11,904,000
Other Investments 33,024
Certificates In Corp CU – – –
Shares In Corp CU 2,795,808
Total Cash / Investments 15,366,948
Land 9405 S. Highway 17-92 458,000
Building (NET) 252,003
Furniture & Equipment (NET) 21,198
Accounts Receivable 43,515
Prepaid / Deferred Expense 49,674
Accrued Income 63,642
NCUA Share Insurance Fund 239,928
Assets Acquired In Liq / Loan
Other Assets 104,824
Total Other Assets 1,232,785
Total Assets 30,141,973

LIABILITIES / EQUITY
LIABILITIES / EQUITY AMOUNT
Accounts Payable $ 64,996
Accrued Dividends Payable – – –
NCUSIF Stabilization – – –
Other Liabilities 71,442
Notes & Interest Payable – – –
Total Liabilities 96,029
Share Accounts 11,237,681
Checking Accounts 5,888,093
Club Accounts 646,010
Escrow Deposit Accounts 35,682
Money Market Accounts 4,031,068
IRA Share Accounts 796,440
HSA Share Accounts 475,730
Certificates – IRA 805,656
Certificates 3-6 Months 96,256
Certificates 12 Months 624,229
Certificates over 12 Months 512,382
Total Member Savings 25,149,226
Reserves 702,342
Undivided Earnings 4,148,961
Net Income (Loss) 5,006
Total Capital / Equity 4,856.309
Total Liabilities / Equity 30,141,973
CONTINGENT LIABILITIES
VISA 1,018,818
Home Equity (350) 880,736
Unsecured LOC (10) 16,368
Total 1,915,922
Capital 16.11%

 

×

IMPORTANT! Coronavirus message from Gulf States Credit Union. Read Here