Jun, 30, 2024 — GREENSBORO MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in GREENSBORO, NC with 3 branch locations and about $73.84 million in total assets. Opened 87 years ago in 1937, GREENSBORO MUNICIPAL FEDERAL CREDIT UNION has about 6,215 members and employs 18 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 |
|---|---|
| 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: | 6,215 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $73,843,244 |
| CEO/Manager: | Jerry A Wise |
| Chairperson: | Gregory L Jenkins, II |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,284,860 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,609,970 |
| Unsecured Loans | 6,872,461 |
| Other Loans | 19,831,765 |
| TOTAL LOANS | 52,314,196 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -544,650 |
| Land And Building | 1,800,336 |
| Other Fixed Assets | 282,705 |
| NCUSIF Deposit | 579,789 |
| All Other Assets | 0 |
| TOTAL ASSETS | 73,843,244 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,650 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,092,947 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,836,202 |
| Regular shares | 43,032,080 |
| All Other Shares & Deposits | 12,274,170 |
| TOTAL SHARES & DEPOSITS | 66,142,452 |
| TOTAL LIABILITIES | 67,239,049 |
| Regular Reserve | 0 |
| Other Reserves | -980,741 |
| Undivided Earnings | 7,584,936 |
| TOTAL EQUITY | 6,604,195 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 73,843,244 |
| INCOME & EXPENSE | |
| Loan Income | 2,114,893 |
| Investment Income | 162,029 |
| Other Income | 198,258 |
| Total Employee Compensation & Benefits | 961,508 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,621,583 |
| Non-operating Income & (Expense) | 41,216 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 265,778 |
| Cost of Funds | 210,682 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 59,823 |
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