Dec, 31, 2023 — GREENSBORO CREDIT UNION is a federally insured state chartered credit union headquartered in GREENSBORO, NC with 3 branch locations and about $17.95 million in total assets. Opened 96 years ago in 1928, GREENSBORO CREDIT UNION has about 1,655 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREENSBORO CREDIT UNION |
|---|---|
| Address: (Main Office) | 3701 W Wendover Ave GREENSBORO, NC 27495-0001 |
| Phone: | (336) 855-0662 |
| Fax: | (336) 855-3448 |
| Website: | https://www.gsocu.org |
| Branches: | 3 branch locations |
| Members: | 1,655 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63445 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1928 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,947,293 |
| CEO/Manager: | Pamala Douglas |
| Chairperson: | Wanda W Strachan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,841,431 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,724,687 |
| Unsecured Loans | 331,252 |
| Other Loans | 3,983,556 |
| TOTAL LOANS | 9,039,495 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,293 |
| Land And Building | 0 |
| Other Fixed Assets | 28,170 |
| NCUSIF Deposit | 154,179 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,947,293 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 49,069 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,767,025 |
| Regular shares | 10,781,838 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 12,548,863 |
| TOTAL LIABILITIES | 12,597,932 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,349,361 |
| TOTAL EQUITY | 5,349,361 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,947,293 |
| INCOME & EXPENSE | |
| Loan Income | 390,977 |
| Investment Income | 300,947 |
| Other Income | 50,327 |
| Total Employee Compensation & Benefits | 420,067 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 240,612 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,872 |
| Cost of Funds | 12,000 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 50,481 |
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