Dec, 31, 2023 — GREENSBORO MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 3 branch locations and about $79.38 million in total assets. Opened 87 years ago in 1937, GREENSBORO MUNICIPAL FEDERAL CREDIT UNION has about 6,101 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREENSBORO MUNICIPAL FEDERAL CREDIT UNION |
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Address: (Main Office) | 217 N Greene St GREENSBORO, NC 27401 |
Phone: | (336) 373-2090 |
Fax: | (336) 373-5896 |
Website: | https://www.greensboromcu.org |
Branches: | 3 branch locations |
Members: | 6,101 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24840 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $79,383,795 |
CEO/Manager: | Jerry A Wise |
Chairperson: | Gregory L Jenkins, II |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,341,436 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,580,155 |
Unsecured Loans | 7,657,548 |
Other Loans | 19,034,119 |
TOTAL LOANS | 58,271,822 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -686,034 |
Land And Building | 2,460,413 |
Other Fixed Assets | 228,948 |
NCUSIF Deposit | 640,641 |
All Other Assets | 0 |
TOTAL ASSETS | 79,383,795 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22,025 |
Notes & Interest Payable | 4,000,000 |
Accounts Payable & Other Liabilities | 1,245,755 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,007,529 |
Regular shares | 32,002,045 |
All Other Shares & Deposits | 24,822,311 |
TOTAL SHARES & DEPOSITS | 66,831,885 |
TOTAL LIABILITIES | 72,099,665 |
Regular Reserve | 0 |
Other Reserves | -680,479 |
Undivided Earnings | 7,964,609 |
TOTAL EQUITY | 7,284,130 |
TOTAL LIABILITIES, SHARES, & EQUITY | 79,383,795 |
INCOME & EXPENSE | |
Loan Income | 3,790,568 |
Investment Income | 364,970 |
Other Income | 304,674 |
Total Employee Compensation & Benefits | 1,417,523 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,331,172 |
Non-operating Income & (Expense) | 876 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 423,175 |
Cost of Funds | 798,876 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 275,057 |
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» See also Statement of Financial Condition