Mar, 31, 2021 — GREEN RIVER AREA FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 3 branch locations and about $55.03 million in total assets. Opened 62 years ago in 1959, GREEN RIVER AREA FEDERAL CREDIT UNION has about 5,178 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: | 5,178 |
| 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: | $55,026,362 |
| CEO/Manager: | Cynthia M Shanks |
| Chairperson: | James G Wimsatt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,474,563 |
| TOTAL INVESTMENTS | 8,574,405 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,422,500 |
| Unsecured Loans | 709,547 |
| Other Loans | 13,376,887 |
| TOTAL LOANS | 21,508,934 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,233 |
| Land And Building | 579,946 |
| Other Fixed Assets | 62,490 |
| NCUSIF Deposit | 414,042 |
| All Other Assets | 1,516,215 |
| TOTAL ASSETS | 55,026,362 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 396,546 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,688,544 |
| Regular shares | 32,804,479 |
| All Other Shares & Deposits | 4,939,985 |
| TOTAL SHARES & DEPOSITS | 45,433,008 |
| TOTAL LIABILITIES | 45,829,554 |
| Regular Reserve | 1,891,088 |
| Other Reserves | -690,679 |
| Undivided Earnings | 7,996,399 |
| TOTAL EQUITY | 9,196,808 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 55,026,362 |
| INCOME & EXPENSE | |
| Loan Income | 260,017 |
| Investment Income | 29,529 |
| Other Income | 31,579 |
| Total Employee Compensation & Benefits | 166,215 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 147,028 |
| 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 | 22,201 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 17,091 |
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