Dec, 31, 2023 — GRANCO FEDERAL CREDIT UNION is a federal credit union headquartered in EPHRATA, WA with 2 branch locations and about $93.11 million in total assets. Opened 68 years ago in 1956, GRANCO FEDERAL CREDIT UNION has about 4,967 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRANCO FEDERAL CREDIT UNION |
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Address: (Main Office) | 217 Alder St SW EPHRATA, WA 98823 |
Phone: | (509) 754-5233 |
Fax: | (509) 754-5504 |
Website: | https://www.granco.org |
Branches: | 2 branch locations |
Members: | 4,967 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10904 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $93,106,873 |
CEO/Manager: | Brandi Johnson |
Chairperson: | David Ponozzo |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,573,544 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 23,010,427 |
Unsecured Loans | 3,124,505 |
Other Loans | 29,573,543 |
TOTAL LOANS | 55,708,475 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -389,861 |
Land And Building | 4,225,174 |
Other Fixed Assets | 197,364 |
NCUSIF Deposit | 844,179 |
All Other Assets | 44,880 |
TOTAL ASSETS | 93,106,873 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 119,136 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,065,275 |
Regular shares | 52,191,020 |
All Other Shares & Deposits | 6,186,227 |
TOTAL SHARES & DEPOSITS | 84,442,521 |
TOTAL LIABILITIES | 84,561,657 |
Regular Reserve | 0 |
Other Reserves | -956,143 |
Undivided Earnings | 9,501,359 |
TOTAL EQUITY | 8,545,216 |
TOTAL LIABILITIES, SHARES, & EQUITY | 93,106,873 |
INCOME & EXPENSE | |
Loan Income | 3,433,448 |
Investment Income | 793,613 |
Other Income | 640,510 |
Total Employee Compensation & Benefits | 1,704,789 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,922,253 |
Non-operating Income & (Expense) | -25,132 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 216,931 |
Cost of Funds | 104,311 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 899,061 |
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