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 |
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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 |
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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 |
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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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