GARY MUNICIPAL EMPLOYEES Credit Union Profile

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GARY MUNICIPAL EMPLOYEES

Charter #16126 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (219) 881-1320

Fax: (219) 881-1340

Founding Date: N/A

Personnel & Operations

President: OFORI, KWABENA

Manager: STINSON, KATRINA

FT Employees: 0

PT Employees: 3

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 06

Branches: 1

Hours: Monday - Friday 4:30 pm - 6:00 pm Telepho

Credit Union Profile Summary

GARY MUNICIPAL EMPLOYEES is a FCU Credit Union. With a total of 137 members [1], this institution manages approximately $536,527 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 40.56% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 40.72% [1].

Financial Snapshot

Total Assets [1]
$536,527

Total economic resources.

Total Loans [1]
$149,368

Total value of outstanding loans.

Total Deposits [1]
$308,242

Total funds deposited by members.

Members [1]
137

Number of active members.

Performance Ratios

Net Worth Ratio [1]
40.56%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-1.12%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
48.46%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 2.93%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 40.72%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.44%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

401 Broadway, Room B1

Gary, IN, 46402
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 1 branches reported by GARY MUNICIPAL EMPLOYEES (Charter #16126).

Main Office

Gary Municipal Employee Federal Credit Union - City Hall Main Office

Type: Corporate Office

401 Broadway

Room B1

Gary, IN 46402

Phone: (219) 881-1320

Services: Member Services

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