Mar, 31, 2022 — GREEN RIVER AREA FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 3 branch locations and about $60.10 million in total assets. Opened 63 years ago in 1959, GREEN RIVER AREA FEDERAL CREDIT UNION has about 4,772 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREEN RIVER AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3000 Highway 144 OWENSBORO, KY 42303-0215 |
| Phone: | (270) 926-0210 |
| Fax: | (270) 926-2058 |
| Website: | https://www.greenriverafcu.com |
| Branches: | 3 branch locations |
| Members: | 4,772 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12852 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $60,097,240 |
| CEO/Manager: | Robert C Clark |
| Chairperson: | James G Wimsatt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 27,926,547 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,372,327 |
| Unsecured Loans | 540,113 |
| Other Loans | 11,908,291 |
| TOTAL LOANS | 19,820,731 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -130,361 |
| Land And Building | 551,358 |
| Other Fixed Assets | 36,839 |
| NCUSIF Deposit | 462,767 |
| All Other Assets | 0 |
| TOTAL ASSETS | 60,097,240 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 413,851 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,378,019 |
| Regular shares | 36,998,916 |
| All Other Shares & Deposits | 4,870,868 |
| TOTAL SHARES & DEPOSITS | 50,247,803 |
| TOTAL LIABILITIES | 50,661,654 |
| Regular Reserve | 0 |
| Other Reserves | 1,257,921 |
| Undivided Earnings | 8,177,665 |
| TOTAL EQUITY | 9,435,586 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 60,097,240 |
| INCOME & EXPENSE | |
| Loan Income | 216,881 |
| Investment Income | 35,009 |
| Other Income | 30,487 |
| Total Employee Compensation & Benefits | 170,410 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 124,707 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,500 |
| Cost of Funds | 17,566 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -12,889 |
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