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GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Groton, CT with 1 branch location and about $7.17 million in total assets. Opened 65 years ago in 1956, GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 583 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211177007
Name:GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO Box 851
Groton, CT 06340
Phone:(860) 446-4121
Fax:(860) 446-4124
Website:http://www.grotonmefcu.com
Branches:1 branch locations
Members:583
Credit Union Type:Federal Credit Union
Charter Number:10892
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1956
Last Audited:Sep 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$7,166,142
CEO/Manager:CHERYL DUNAJ
Chairperson:Matthew J Morton, Jr.

Call Report

  • Credit Builder
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,528,372
TOTAL INVESTMENTS 3,012,893
Loans Held for Sale 0
 
 Real Estate Loans 156,140
 Unsecured Loans 763,000
 Other Loans 1,563,969
 TOTAL LOANS 2,483,109
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -29,147
 Land And Building 0
 Other Fixed Assets 99,412
 NCUSIF Deposit 62,357
 All Other Assets 9,146
  TOTAL ASSETS 7,166,142
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 112,043
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,633,192
 Regular shares 4,709,875
 All Other Shares & Deposits 242,290
  TOTAL SHARES & DEPOSITS 6,585,357
  TOTAL LIABILITIES 6,697,400
 Regular Reserve 347,984
 Other Reserves 0
 Undivided Earnings 120,758
  TOTAL EQUITY 468,742
  TOTAL LIABILITIES, SHARES, & EQUITY 7,166,142
INCOME & EXPENSE  
 Loan Income 186,612
 Investment Income 53,443
 Other Income 39,256
 Total Employee Compensation & Benefits 112,364
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 183,538
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -39,120
 Cost of Funds 3,298
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,231
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