Dec, 31, 2023 — GENESIS EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ZANESVILLE, OH with 1 branch location and about $19.23 million in total assets. Opened 2024 years ago in 0, GENESIS EMPLOYEES CREDIT UNION has about 3,484 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: | GENESIS EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 860 Bethesda Dr ZANESVILLE, OH 43701-1800 |
| Phone: | (740) 454-4603 |
| Fax: | (740) 455-4935 |
| Website: | https://genesisecu.com |
| Branches: | 1 branch locations |
| Members: | 3,484 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68451 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 0 |
| Last Audited: | Nov 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,228,127 |
| CEO/Manager: | Michael R King |
| Chairperson: | Shane Jenkins |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,457,379 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 721,698 |
| Other Loans | 12,402,517 |
| TOTAL LOANS | 13,124,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -52,364 |
| Land And Building | 0 |
| Other Fixed Assets | 16,891 |
| NCUSIF Deposit | 175,846 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,228,127 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,142 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,246,873 |
| Regular shares | 12,944,794 |
| All Other Shares & Deposits | 2,488,459 |
| TOTAL SHARES & DEPOSITS | 16,680,126 |
| TOTAL LIABILITIES | 16,750,268 |
| Regular Reserve | 0 |
| Other Reserves | 182,334 |
| Undivided Earnings | 2,295,525 |
| TOTAL EQUITY | 2,477,859 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,228,127 |
| INCOME & EXPENSE | |
| Loan Income | 721,255 |
| Investment Income | 258,656 |
| Other Income | 143,146 |
| Total Employee Compensation & Benefits | 347,057 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 344,960 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,270 |
| Cost of Funds | 86,849 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 384,764 |
| ↑ Back to Top | |