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GREAT MEADOW FEDERAL CREDIT UNION

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.


ABA Routing Number: 221375116
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

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Financial Summary

» See also Statement of Financial Condition
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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