Dec, 31, 2023 — GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGVILLE, NY with 1 branch location and about $5.79 million in total assets. Opened 63 years ago in 1961, GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION has about 598 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 64 E Main St Ste 3 SPRINGVILLE, NY 14141 |
Phone: | (716) 592-9887 |
Fax: | (716) 592-9887 |
Website: | https://www.springvillefcu.org |
Branches: | 1 branch locations |
Members: | 598 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14505 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,787,096 |
CEO/Manager: | Sue Bialasik |
Chairperson: | Diane Brady |
ASSETS: | $ Amount |
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Cash & Equivalents | 412,743 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 757,098 |
Other Loans | 1,839,493 |
TOTAL LOANS | 2,596,590 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,356 |
Land And Building | 0 |
Other Fixed Assets | 2,441 |
NCUSIF Deposit | 52,711 |
All Other Assets | 0 |
TOTAL ASSETS | 5,787,096 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 5,455 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,564,836 |
All Other Shares & Deposits | 1,663,411 |
TOTAL SHARES & DEPOSITS | 5,228,247 |
TOTAL LIABILITIES | 5,233,702 |
Regular Reserve | 0 |
Other Reserves | -2,583 |
Undivided Earnings | 555,977 |
TOTAL EQUITY | 553,394 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,787,096 |
INCOME & EXPENSE | |
Loan Income | 101,068 |
Investment Income | 36,282 |
Other Income | 1,352 |
Total Employee Compensation & Benefits | 42,539 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,389 |
Non-operating Income & (Expense) | 954 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,750 |
Cost of Funds | 53,051 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,927 |
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» See also Statement of Financial Condition