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GREENWOOD MUNICIPAL FEDERAL CREDIT UNION

Mar, 31, 2021 — GREENWOOD MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in Greenwood, SC with 2 branch locations and about $54.76 million in total assets. Opened 47 years ago in 1974, GREENWOOD MUNICIPAL FEDERAL CREDIT UNION has about 6,461 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 253279332
Name:GREENWOOD MUNICIPAL FEDERAL CREDIT UNION
Address:
(Main Office)
617 Durst Ave E
Greenwood, SC 29649-2713
Phone:(864) 229-6177
Fax:(864) 942-7062
Website:http://www.gm-fcu.org
Branches:2 branch locations
Members:6,461
Credit Union Type:Federal Credit Union
Charter Number:21628
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$54,757,553
CEO/Manager:Philip Heinlen
Chairperson:Dan Wideman

Call Report

  • Overdraft Lines of Credit
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,380,695
TOTAL INVESTMENTS 23,333,029
Loans Held for Sale 0
 
 Real Estate Loans 2,144,600
 Unsecured Loans 2,151,252
 Other Loans 17,936,455
 TOTAL LOANS 22,293,938
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -99,186
 Land And Building 749,512
 Other Fixed Assets 67,548
 NCUSIF Deposit 358,663
 All Other Assets 673,354
  TOTAL ASSETS 54,757,553
LIABILITIES & CAPITAL:  
 Dividends Payable 12,852
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 356,541
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,353,476
 Regular shares 31,264,022
 All Other Shares & Deposits 8,891,150
  TOTAL SHARES & DEPOSITS 48,508,648
  TOTAL LIABILITIES 48,878,041
 Regular Reserve 384,872
 Other Reserves 0
 Undivided Earnings 5,494,640
  TOTAL EQUITY 5,879,512
  TOTAL LIABILITIES, SHARES, & EQUITY 54,757,553
INCOME & EXPENSE  
 Loan Income 327,868
 Investment Income 53,205
 Other Income 44,109
 Total Employee Compensation & Benefits 197,168
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 588,625
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 45,814
 Cost of Funds 26,434
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -263,682
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