Jun, 30, 2021 — GREEN RIVER AREA FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 3 branch locations and about $55.76 million in total assets. Opened 62 years ago in 1959, GREEN RIVER AREA FEDERAL CREDIT UNION has about 5,086 members and employs 10 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: | 5,086 |
| 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: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $55,760,399 |
| CEO/Manager: | Cynthia M Shanks |
| Chairperson: | James G Wimsatt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,027,207 |
| TOTAL INVESTMENTS | 9,072,405 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,554,859 |
| Unsecured Loans | 668,969 |
| Other Loans | 12,860,167 |
| TOTAL LOANS | 21,083,995 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,850 |
| Land And Building | 572,664 |
| Other Fixed Assets | 56,535 |
| NCUSIF Deposit | 433,333 |
| All Other Assets | 1,609,110 |
| TOTAL ASSETS | 55,760,399 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 267,638 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,222,817 |
| Regular shares | 34,193,198 |
| All Other Shares & Deposits | 4,860,685 |
| TOTAL SHARES & DEPOSITS | 46,276,700 |
| TOTAL LIABILITIES | 46,544,338 |
| Regular Reserve | 1,891,088 |
| Other Reserves | -676,301 |
| Undivided Earnings | 8,001,274 |
| TOTAL EQUITY | 9,216,061 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,760,399 |
| INCOME & EXPENSE | |
| Loan Income | 509,134 |
| Investment Income | 67,128 |
| Other Income | 60,499 |
| Total Employee Compensation & Benefits | 334,138 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 290,374 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,000 |
| Cost of Funds | 43,437 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 21,970 |
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