Dec, 31, 2023 — GREAT MEADOW FEDERAL CREDIT UNION is a federal credit union headquartered in GRANVILLE, NY with 4 branch locations and about $61.46 million in total assets. Opened 68 years ago in 1956, GREAT MEADOW FEDERAL CREDIT UNION has about 6,638 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: | GREAT MEADOW FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 26 E Main St GRANVILLE, NY 12832 |
| Phone: | (518) 642-8100 |
| Fax: | (518) 642-8104 |
| Website: | https://www.greatmeadowfcu.org |
| Branches: | 4 branch locations |
| Members: | 6,638 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $61,463,487 |
| CEO/Manager: | A. Ryan Roberts |
| Chairperson: | Bill Gordon |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,144,823 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,695,897 |
| Unsecured Loans | 2,792,306 |
| Other Loans | 29,241,413 |
| TOTAL LOANS | 43,729,616 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -426,718 |
| Land And Building | 1,770,525 |
| Other Fixed Assets | 32,629 |
| NCUSIF Deposit | 534,229 |
| All Other Assets | 0 |
| TOTAL ASSETS | 61,463,487 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 194,672 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 731,422 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,303,021 |
| Regular shares | 24,747,287 |
| All Other Shares & Deposits | 20,193,110 |
| TOTAL SHARES & DEPOSITS | 53,243,418 |
| TOTAL LIABILITIES | 54,169,512 |
| Regular Reserve | 0 |
| Other Reserves | 502,218 |
| Undivided Earnings | 6,791,757 |
| TOTAL EQUITY | 7,293,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,463,487 |
| INCOME & EXPENSE | |
| Loan Income | 2,915,739 |
| Investment Income | 438,597 |
| Other Income | 782,273 |
| Total Employee Compensation & Benefits | 1,380,001 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,762,653 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 312,755 |
| Cost of Funds | 339,352 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 848,027 |
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