Dec, 31, 2023 — GLYNN COUNTY FEDERAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in BRUNSWICK, GA with 2 branch locations and about $21.56 million in total assets. Opened 71 years ago in 1953, GLYNN COUNTY FEDERAL EMPLOYEES CREDIT UNION has about 1,046 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GLYNN COUNTY FEDERAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | C O Bldg 86 BRUNSWICK, GA 31524 |
| Phone: | (912) 264-6325 |
| Fax: | (912) 264-6367 |
| Website: | https://www.glyncofecu.org |
| Branches: | 2 branch locations |
| Members: | 1,046 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67354 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,559,456 |
| CEO/Manager: | Carrie Hand |
| Chairperson: | Charles Norman |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 381,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,390,243 |
| Other Loans | 12,125,332 |
| TOTAL LOANS | 13,515,574 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -112,824 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 154,901 |
| All Other Assets | 15,034 |
| TOTAL ASSETS | 21,559,456 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,281,260 |
| Accounts Payable & Other Liabilities | 158,873 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,164,337 |
| Regular shares | 11,216,986 |
| All Other Shares & Deposits | 739,351 |
| TOTAL SHARES & DEPOSITS | 16,120,674 |
| TOTAL LIABILITIES | 17,560,807 |
| Regular Reserve | 0 |
| Other Reserves | 1,000,000 |
| Undivided Earnings | 2,998,649 |
| TOTAL EQUITY | 3,998,649 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,559,456 |
| INCOME & EXPENSE | |
| Loan Income | 643,804 |
| Investment Income | 98,328 |
| Other Income | 121,641 |
| Total Employee Compensation & Benefits | 379,997 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 395,215 |
| Non-operating Income & (Expense) | 42,782 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,000 |
| Cost of Funds | 134,000 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -11,657 |
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