Dec, 31, 2020 — GREEN RIVER AREA FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 2 branch locations and about $52.05 million in total assets. Opened 62 years ago in 1959, GREEN RIVER AREA FEDERAL CREDIT UNION has about 4,909 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: | 2 branch locations |
| Members: | 4,909 |
| 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: | Sep 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $52,053,467 |
| CEO/Manager: | Cynthia M Shanks |
| Chairperson: | James G Wimsatt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,436,275 |
| TOTAL INVESTMENTS | 8,370,940 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,625,702 |
| Unsecured Loans | 678,793 |
| Other Loans | 14,425,607 |
| TOTAL LOANS | 22,730,102 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -84,316 |
| Land And Building | 598,585 |
| Other Fixed Assets | 68,090 |
| NCUSIF Deposit | 406,974 |
| All Other Assets | 1,526,817 |
| TOTAL ASSETS | 52,053,467 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 392,629 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,417,704 |
| Regular shares | 29,884,642 |
| All Other Shares & Deposits | 5,324,257 |
| TOTAL SHARES & DEPOSITS | 42,626,603 |
| TOTAL LIABILITIES | 43,019,232 |
| Regular Reserve | 1,837,298 |
| Other Reserves | -705,057 |
| Undivided Earnings | 7,901,994 |
| TOTAL EQUITY | 9,034,235 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 52,053,467 |
| INCOME & EXPENSE | |
| Loan Income | 1,162,185 |
| Investment Income | 201,409 |
| Other Income | 247,223 |
| Total Employee Compensation & Benefits | 683,857 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 505,935 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 90,000 |
| Cost of Funds | 119,112 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 211,913 |
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