Dec, 31, 2023 — GREAT ERIE FEDERAL CREDIT UNION is a federal credit union headquartered in ORCHARD PARK, NY with 2 branch locations and about $131.20 million in total assets. Opened 72 years ago in 1952, GREAT ERIE FEDERAL CREDIT UNION has about 8,827 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREAT ERIE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4000 N Buffalo St ORCHARD PARK, NY 14127 |
| Phone: | (716) 662-1311 |
| Fax: | (716) 662-9475 |
| Website: | https://www.greateriefcu.com |
| Branches: | 2 branch locations |
| Members: | 8,827 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7925 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $131,196,005 |
| CEO/Manager: | Robyn L Young |
| Chairperson: | Joette Cappello |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,988,794 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 44,956,127 |
| Unsecured Loans | 5,171,190 |
| Other Loans | 42,948,480 |
| TOTAL LOANS | 93,075,797 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,057 |
| Land And Building | 825,193 |
| Other Fixed Assets | 54,956 |
| NCUSIF Deposit | 1,138,933 |
| All Other Assets | 0 |
| TOTAL ASSETS | 131,196,005 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 625,354 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,477,888 |
| Regular shares | 60,664,790 |
| All Other Shares & Deposits | 29,999,176 |
| TOTAL SHARES & DEPOSITS | 116,141,854 |
| TOTAL LIABILITIES | 116,767,208 |
| Regular Reserve | 0 |
| Other Reserves | -156,812 |
| Undivided Earnings | 14,585,609 |
| TOTAL EQUITY | 14,428,797 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 131,196,005 |
| INCOME & EXPENSE | |
| Loan Income | 3,754,257 |
| Investment Income | 528,000 |
| Other Income | 466,157 |
| Total Employee Compensation & Benefits | 1,653,105 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,666,629 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -107,464 |
| Cost of Funds | 516,847 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,468,874 |
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