GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.grotonmefcu.com for more information.
Dec, 31, 2023 — GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Groton, CT with 1 branch location and about $7.17 million in total assets. Opened 68 years ago in 1956, GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 583 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 851 Groton, CT 06340 |
| Phone: | (860) 446-4121 |
| Fax: | (860) 446-4124 |
| Website: | https://www.grotonmefcu.com |
| Branches: | 1 branch locations |
| Members: | 583 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10892 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,166,142 |
| CEO/Manager: | CHERYL DUNAJ |
| Chairperson: | Matthew J Morton, Jr. |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,528,372 |
| TOTAL INVESTMENTS | 3,012,893 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 156,140 |
| Unsecured Loans | 763,000 |
| Other Loans | 1,563,969 |
| TOTAL LOANS | 2,483,109 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,147 |
| Land And Building | 0 |
| Other Fixed Assets | 99,412 |
| NCUSIF Deposit | 62,357 |
| All Other Assets | 9,146 |
| TOTAL ASSETS | 7,166,142 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 112,043 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,633,192 |
| Regular shares | 4,709,875 |
| All Other Shares & Deposits | 242,290 |
| TOTAL SHARES & DEPOSITS | 6,585,357 |
| TOTAL LIABILITIES | 6,697,400 |
| Regular Reserve | 347,984 |
| Other Reserves | 0 |
| Undivided Earnings | 120,758 |
| TOTAL EQUITY | 468,742 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,166,142 |
| INCOME & EXPENSE | |
| Loan Income | 186,612 |
| Investment Income | 53,443 |
| Other Income | 39,256 |
| Total Employee Compensation & Benefits | 112,364 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 183,538 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -39,120 |
| Cost of Funds | 3,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 19,231 |
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