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GREENWICH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — GREENWICH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GREENWICH, CT with 1 branch location and about $32.33 million in total assets. Opened 53 years ago in 1969, GREENWICH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 2,077 members and employs 3 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
Address:
(Main Office)
439 W Putnam Ave
GREENWICH, CT 06830-1053
Phone:(203) 869-5280
Fax:(203) 622-7409
Website:http://www.gmefcu.com
Branches:1 branch locations
Members:2,077
Credit Union Type:Federal Credit Union
Charter Number:19203
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1969
Last Audited:Oct 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$32,331,874
CEO/Manager:Gail Todd
Chairperson:Joseph H Benoit Jr.

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,894,475
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,445,847
 Unsecured Loans 2,107,477
 Other Loans 3,782,676
 TOTAL LOANS 7,336,000
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -57,475
 Land And Building 233,818
 Other Fixed Assets 71,934
 NCUSIF Deposit 240,146
 All Other Assets 0
  TOTAL ASSETS 32,331,874
LIABILITIES & CAPITAL:  
 Dividends Payable 4,111
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 340,689
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,836,562
 Regular shares 18,795,195
 All Other Shares & Deposits 5,203,658
  TOTAL SHARES & DEPOSITS 28,835,415
  TOTAL LIABILITIES 29,180,215
 Regular Reserve 0
 Other Reserves 290,837
 Undivided Earnings 2,860,822
  TOTAL EQUITY 3,151,659
  TOTAL LIABILITIES, SHARES, & EQUITY 32,331,874
INCOME & EXPENSE  
 Loan Income 107,491
 Investment Income 71,202
 Other Income 15,162
 Total Employee Compensation & Benefits 113,759
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,843
 Non-operating Income & (Expense) 7,125
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,822
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 92,179
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