Dec, 31, 2023 — GREENBELT FEDERAL CREDIT UNION is a federal credit union headquartered in GREENBELT, MD with 1 branch location and about $37.35 million in total assets. Opened 87 years ago in 1937, GREENBELT FEDERAL CREDIT UNION has about 2,518 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREENBELT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 112 Centerway GREENBELT, MD 20770 |
| Phone: | (301) 474-5900 |
| Fax: | (301) 513-0440 |
| Website: | https://greenbeltfcu.com |
| Branches: | 1 branch locations |
| Members: | 2,518 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2490 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $37,353,404 |
| CEO/Manager: | Nicole Velasquez |
| Chairperson: | ED JAMES |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,847,470 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,439,145 |
| Unsecured Loans | 1,411,490 |
| Other Loans | 2,804,571 |
| TOTAL LOANS | 9,655,205 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,828 |
| Land And Building | 0 |
| Other Fixed Assets | 37,615 |
| NCUSIF Deposit | 332,508 |
| All Other Assets | 0 |
| TOTAL ASSETS | 37,353,404 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,194 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 50,726 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,107,626 |
| Regular shares | 17,440,491 |
| All Other Shares & Deposits | 7,868,723 |
| TOTAL SHARES & DEPOSITS | 33,416,841 |
| TOTAL LIABILITIES | 33,490,761 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,862,643 |
| TOTAL EQUITY | 3,862,643 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 37,353,404 |
| INCOME & EXPENSE | |
| Loan Income | 564,064 |
| Investment Income | 877,122 |
| Other Income | 144,377 |
| Total Employee Compensation & Benefits | 405,388 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 621,711 |
| Non-operating Income & (Expense) | 476 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,049 |
| Cost of Funds | 142,041 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 379,850 |
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