Dec, 31, 2023 — GREENWOOD MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in GREENWOOD, SC with 2 branch locations and about $65.53 million in total assets. Opened 50 years ago in 1974, GREENWOOD MUNICIPAL FEDERAL CREDIT UNION has about 7,067 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREENWOOD MUNICIPAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 617 Durst Ave E GREENWOOD, SC 29649-2713 |
Phone: | (864) 229-6177 |
Fax: | (864) 942-7062 |
Website: | https://www.gm-fcu.org |
Branches: | 2 branch locations |
Members: | 7,067 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21628 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $65,532,365 |
CEO/Manager: | Philip Heinlen |
Chairperson: | Dan Wideman |
ASSETS: | $ Amount |
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Cash & Equivalents | 9,911,237 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,633,044 |
Unsecured Loans | 5,915,660 |
Other Loans | 25,768,889 |
TOTAL LOANS | 34,317,593 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -132,306 |
Land And Building | 735,733 |
Other Fixed Assets | 96,546 |
NCUSIF Deposit | 585,440 |
All Other Assets | 80,240 |
TOTAL ASSETS | 65,532,365 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,785 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 275,035 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,678,274 |
Regular shares | 33,128,281 |
All Other Shares & Deposits | 18,356,612 |
TOTAL SHARES & DEPOSITS | 59,163,167 |
TOTAL LIABILITIES | 59,454,987 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 6,077,378 |
TOTAL EQUITY | 6,077,378 |
TOTAL LIABILITIES, SHARES, & EQUITY | 65,532,365 |
INCOME & EXPENSE | |
Loan Income | 2,068,564 |
Investment Income | 509,568 |
Other Income | 479,857 |
Total Employee Compensation & Benefits | 1,045,484 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,057,562 |
Non-operating Income & (Expense) | -17,678 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 146,558 |
Cost of Funds | 380,426 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 170,679 |
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