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National Credit Union Service Organization

N G M EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — N G M EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in KEENE, NH with 1 branch location and about $5.35 million in total assets. Opened 55 years ago in 1966, N G M EMPLOYEES FEDERAL CREDIT UNION has about 1,393 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:N G M EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
55 WEST ST
KEENE, NH 03431-3374
Phone:(603) 358-1302
Fax:(603) 358-1320
Website:n/a
Branches:1 branch locations
Members:1,393
Credit Union Type:Federal Credit Union
Charter Number:17793
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$5,349,344
CEO/Manager:SHARIN HURLBUTT
Chairperson:William Lord, Jr.

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,760,600
TOTAL INVESTMENTS 744,542
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 640,847
 Other Loans 2,206,896
 TOTAL LOANS 2,847,743
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -66,146
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 42,122
 All Other Assets 20,483
  TOTAL ASSETS 5,349,344
LIABILITIES & CAPITAL:  
 Dividends Payable 2,683
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 545
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 3,931,813
 All Other Shares & Deposits 729,263
  TOTAL SHARES & DEPOSITS 4,661,076
  TOTAL LIABILITIES 4,664,304
 Regular Reserve 86,838
 Other Reserves 24,863
 Undivided Earnings 573,339
  TOTAL EQUITY 685,040
  TOTAL LIABILITIES, SHARES, & EQUITY 5,349,344
INCOME & EXPENSE  
 Loan Income 43,271
 Investment Income 4,125
 Other Income 136
 Total Employee Compensation & Benefits 36,426
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,114
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,231
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,239
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