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GREENWOOD MUNICIPAL FEDERAL CREDIT UNION

Jun, 30, 2021 — GREENWOOD MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in Greenwood, SC with 2 branch locations and about $54.67 million in total assets. Opened 47 years ago in 1974, GREENWOOD MUNICIPAL FEDERAL CREDIT UNION has about 6,580 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:6,580
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:$54,670,838
CEO/Manager:Philip Heinlen
Chairperson:Dan Wideman

Call Report

  • Payday Alternative Loans (PAL Loans)
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,249,135
TOTAL INVESTMENTS 24,612,029
Loans Held for Sale 0
 
 Real Estate Loans 1,894,428
 Unsecured Loans 2,387,864
 Other Loans 18,448,003
 TOTAL LOANS 22,967,230
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -78,930
 Land And Building 741,273
 Other Fixed Assets 60,414
 NCUSIF Deposit 443,859
 All Other Assets 675,828
  TOTAL ASSETS 54,670,838
LIABILITIES & CAPITAL:  
 Dividends Payable 6,465
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 431,484
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,752,740
 Regular shares 32,145,387
 All Other Shares & Deposits 8,461,735
  TOTAL SHARES & DEPOSITS 48,359,862
  TOTAL LIABILITIES 48,797,811
 Regular Reserve 384,872
 Other Reserves 0
 Undivided Earnings 5,488,155
  TOTAL EQUITY 5,873,027
  TOTAL LIABILITIES, SHARES, & EQUITY 54,670,838
INCOME & EXPENSE  
 Loan Income 671,407
 Investment Income 105,507
 Other Income 80,668
 Total Employee Compensation & Benefits 415,738
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 994,563
 Non-operating Income & (Expense) -4,120
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,814
 Cost of Funds 36,721
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -270,167
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