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GREATER WOODLAWN FEDERAL CREDIT UNION

Dec, 31, 2023 — GREATER WOODLAWN FEDERAL CREDIT UNION is a federal credit union headquartered in BLASDELL, NY with 3 branch locations and about $151.47 million in total assets. Opened 56 years ago in 1968, GREATER WOODLAWN FEDERAL CREDIT UNION has about 14,279 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GREATER WOODLAWN FEDERAL CREDIT UNION
Address:
(Main Office)
3811 LAKE SHORE RD
BLASDELL, NY 14219
Phone:(716) 826-6427
Fax:(716) 824-2281
Website:https://grwfcu.com
Branches:3 branch locations
Members:14,279
Credit Union Type:Federal Credit Union
Charter Number:18800
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1968
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$151,469,713
CEO/Manager:SHIRLEY MEYER
Chairperson:JIM QUEER

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 48,574,016
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 42,248,913
 Unsecured Loans 4,740,904
 Other Loans 8,572,834
 TOTAL LOANS 55,562,651
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -295,888
 Land And Building 2,921,105
 Other Fixed Assets 94,416
 NCUSIF Deposit 1,192,567
 All Other Assets 0
  TOTAL ASSETS 151,469,713
LIABILITIES & CAPITAL:  
 Dividends Payable 2,728
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 242,872
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 18,435,042
 Regular shares 76,152,986
 All Other Shares & Deposits 23,779,125
  TOTAL SHARES & DEPOSITS 118,367,153
  TOTAL LIABILITIES 118,612,753
 Regular Reserve 0
 Other Reserves 2,271,285
 Undivided Earnings 30,585,675
  TOTAL EQUITY 32,856,960
  TOTAL LIABILITIES, SHARES, & EQUITY 151,469,713
INCOME & EXPENSE  
 Loan Income 2,158,193
 Investment Income 3,592,251
 Other Income 79,906
 Total Employee Compensation & Benefits 1,168,042
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,313,218
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 628,037
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,954,725
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