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National Credit Union Service Organization

GREATER SPRINGFIELD CREDIT UNION

Dec, 31, 2023 — GREATER SPRINGFIELD CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MA with 3 branch locations and about $232.32 million in total assets. Opened 97 years ago in 1927, GREATER SPRINGFIELD CREDIT UNION has about 10,863 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211885920
Name:GREATER SPRINGFIELD CREDIT UNION
Address:
(Main Office)
1030 Wilbraham Rd
SPRINGFIELD, MA 01109
Phone:(413) 782-3161
Fax:(413) 783-0142
Website:https://www.grscu.org
Branches:3 branch locations
Members:10,863
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67902
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1927
Last Audited:Jun 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$232,320,946
CEO/Manager:Jennifer St.Peter
Chairperson:David A Wells

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,056,550
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 89,078,984
 Unsecured Loans 2,368,739
 Other Loans 16,780,344
 TOTAL LOANS 108,228,067
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -851,436
 Land And Building 1,001,743
 Other Fixed Assets 54,680
 NCUSIF Deposit 1,798,483
 All Other Assets 0
  TOTAL ASSETS 232,320,946
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,930,775
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 19,561,413
 Regular shares 84,042,558
 All Other Shares & Deposits 94,069,769
  TOTAL SHARES & DEPOSITS 197,673,740
  TOTAL LIABILITIES 199,622,635
 Regular Reserve 0
 Other Reserves -3,148,229
 Undivided Earnings 35,846,540
  TOTAL EQUITY 32,698,311
  TOTAL LIABILITIES, SHARES, & EQUITY 232,320,946
INCOME & EXPENSE  
 Loan Income 4,383,831
 Investment Income 1,622,097
 Other Income 929,053
 Total Employee Compensation & Benefits 1,953,715
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,498,256
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,000
 Cost of Funds 2,074,572
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,093,461
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