Dec, 31, 2020 — GREAT MEADOW FEDERAL CREDIT UNION is a federal credit union headquartered in Granville, NY with 4 branch locations and about $52.63 million in total assets. Opened 65 years ago in 1956, GREAT MEADOW FEDERAL CREDIT UNION has about 5,414 members and employs 19 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) | PO Box 8 Granville, NY 12832 |
| Phone: | (518) 642-8100 |
| Fax: | (518) 642-8104 |
| Website: | http://www.greatmeadowfcu.org |
| Branches: | 4 branch locations |
| Members: | 5,414 |
| 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: | Feb 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,632,502 |
| CEO/Manager: | A. Ryan Roberts |
| Chairperson: | Roy Rathbun |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,462,525 |
| TOTAL INVESTMENTS | 6,008,131 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,924,223 |
| Unsecured Loans | 3,395,306 |
| Other Loans | 23,355,867 |
| TOTAL LOANS | 33,675,396 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,395 |
| Land And Building | 1,828,607 |
| Other Fixed Assets | 204,937 |
| NCUSIF Deposit | 386,265 |
| All Other Assets | 286,036 |
| TOTAL ASSETS | 52,632,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 288,705 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -254,537 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,675,392 |
| Regular shares | 21,620,120 |
| All Other Shares & Deposits | 18,485,224 |
| TOTAL SHARES & DEPOSITS | 46,780,736 |
| TOTAL LIABILITIES | 46,814,904 |
| Regular Reserve | 466,849 |
| Other Reserves | 1,238,884 |
| Undivided Earnings | 4,111,865 |
| TOTAL EQUITY | 5,817,598 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,632,502 |
| INCOME & EXPENSE | |
| Loan Income | 2,457,361 |
| Investment Income | 75,468 |
| Other Income | 950,995 |
| Total Employee Compensation & Benefits | 1,188,748 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,366,305 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,100 |
| Cost of Funds | 395,415 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 397,256 |
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