Dec, 31, 2023 — GREENWICH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GREENWICH, CT with 1 branch location and about $31.18 million in total assets. Opened 55 years ago in 1969, GREENWICH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 2,076 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREENWICH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 439 W Putnam Ave GREENWICH, CT 06830-1053 |
Phone: | (203) 869-5280 |
Fax: | (203) 622-7409 |
Website: | https://www.gmefcu.com |
Branches: | 1 branch locations |
Members: | 2,076 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 19203 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Oct 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,180,819 |
CEO/Manager: | Gail Todd |
Chairperson: | Joseph H Benoit Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,988,685 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,980,573 |
Unsecured Loans | 2,273,842 |
Other Loans | 5,487,547 |
TOTAL LOANS | 9,741,963 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -102,202 |
Land And Building | 214,927 |
Other Fixed Assets | 47,000 |
NCUSIF Deposit | 274,719 |
All Other Assets | 0 |
TOTAL ASSETS | 31,180,819 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 233,031 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,321,437 |
Regular shares | 17,491,593 |
All Other Shares & Deposits | 4,538,463 |
TOTAL SHARES & DEPOSITS | 27,351,492 |
TOTAL LIABILITIES | 27,584,523 |
Regular Reserve | 0 |
Other Reserves | 290,837 |
Undivided Earnings | 3,305,459 |
TOTAL EQUITY | 3,596,296 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,180,819 |
INCOME & EXPENSE | |
Loan Income | 587,219 |
Investment Income | 493,041 |
Other Income | 57,711 |
Total Employee Compensation & Benefits | 538,910 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 301,730 |
Non-operating Income & (Expense) | 27,180 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,737 |
Cost of Funds | 33,003 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 325,761 |
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