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 |
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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 |
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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 |
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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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