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GREENSBORO MUNICIPAL FEDERAL CREDIT UNION

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.


ABA Routing Number: 253175931
Name:GREENSBORO MUNICIPAL FEDERAL CREDIT UNION
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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