Mar, 31, 2021 — GREAT MEADOW FEDERAL CREDIT UNION is a federal credit union headquartered in Granville, NY with 4 branch locations and about $56.28 million in total assets. Opened 65 years ago in 1956, GREAT MEADOW FEDERAL CREDIT UNION has about 5,542 members and employs 17 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: | 5,542 |
| 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: | $56,283,914 |
| CEO/Manager: | A. Ryan Roberts |
| Chairperson: | Roy Rathbun |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,319,720 |
| TOTAL INVESTMENTS | 7,526,295 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,936,744 |
| Unsecured Loans | 3,128,057 |
| Other Loans | 22,860,834 |
| TOTAL LOANS | 32,925,635 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -210,926 |
| Land And Building | 1,822,927 |
| Other Fixed Assets | 190,174 |
| NCUSIF Deposit | 386,265 |
| All Other Assets | 323,824 |
| TOTAL ASSETS | 56,283,914 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 232,677 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 775,086 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,643,563 |
| Regular shares | 23,033,943 |
| All Other Shares & Deposits | 19,209,820 |
| TOTAL SHARES & DEPOSITS | 49,887,326 |
| TOTAL LIABILITIES | 50,895,089 |
| Regular Reserve | 466,849 |
| Other Reserves | 701,829 |
| Undivided Earnings | 4,220,147 |
| TOTAL EQUITY | 5,388,825 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,283,914 |
| INCOME & EXPENSE | |
| Loan Income | 613,809 |
| Investment Income | 9,854 |
| Other Income | 130,086 |
| Total Employee Compensation & Benefits | 281,100 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 336,532 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,227 |
| Cost of Funds | 76,770 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 108,282 |
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