Dec, 31, 2021 — GREAT MEADOW FEDERAL CREDIT UNION is a federal credit union headquartered in GRANVILLE, NY with 4 branch locations and about $60.72 million in total assets. Opened 66 years ago in 1956, GREAT MEADOW FEDERAL CREDIT UNION has about 5,887 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: | GREAT MEADOW FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 26 E Main St GRANVILLE, NY 12832 |
| Phone: | (518) 642-8100 |
| Fax: | (518) 642-8104 |
| Website: | http://www.greatmeadowfcu.org |
| Branches: | 4 branch locations |
| Members: | 5,887 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11402 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,720,204 |
| CEO/Manager: | A. Ryan Roberts |
| Chairperson: | Roy T Rathbun |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,173,078 |
| TOTAL INVESTMENTS | 7,782,168 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,442,355 |
| Unsecured Loans | 2,855,281 |
| Other Loans | 25,826,694 |
| TOTAL LOANS | 36,124,330 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -266,126 |
| Land And Building | 1,805,884 |
| Other Fixed Assets | 126,041 |
| NCUSIF Deposit | 528,110 |
| All Other Assets | 446,719 |
| TOTAL ASSETS | 60,720,204 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 181,602 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 469,847 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,816,259 |
| Regular shares | 24,065,109 |
| All Other Shares & Deposits | 22,223,515 |
| TOTAL SHARES & DEPOSITS | 54,104,883 |
| TOTAL LIABILITIES | 54,756,332 |
| Regular Reserve | 466,849 |
| Other Reserves | 718,847 |
| Undivided Earnings | 4,778,176 |
| TOTAL EQUITY | 5,963,872 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,720,204 |
| INCOME & EXPENSE | |
| Loan Income | 2,551,316 |
| Investment Income | 47,491 |
| Other Income | 601,480 |
| Total Employee Compensation & Benefits | 1,086,346 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,483,231 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 260,302 |
| Cost of Funds | 244,760 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 666,311 |
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