Jun, 30, 2024 — GHS FEDERAL CREDIT UNION is a federal credit union headquartered in BINGHAMTON, NY with 3 branch locations and about $214.68 million in total assets. Opened 85 years ago in 1940, GHS FEDERAL CREDIT UNION has about 18,423 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GHS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 910 Upper Front St BINGHAMTON, NY 13905-1337 |
| Phone: | (607) 723-7962 |
| Fax: | |
| Website: | https://www.ghsfcu.com |
| Branches: | 3 branch locations |
| Members: | 18,423 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3841 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $214,681,755 |
| CEO/Manager: | Shawn Wolbert |
| Chairperson: | Jason Aurelio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 19,268,492 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,646,309 |
| Unsecured Loans | 15,188,441 |
| Other Loans | 73,584,671 |
| TOTAL LOANS | 144,419,421 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,485,587 |
| Land And Building | 2,362,028 |
| Other Fixed Assets | 264,058 |
| NCUSIF Deposit | 1,655,110 |
| All Other Assets | 71,348 |
| TOTAL ASSETS | 214,681,755 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 289 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 911,520 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 60,723,944 |
| Regular shares | 81,099,379 |
| All Other Shares & Deposits | 58,360,145 |
| TOTAL SHARES & DEPOSITS | 200,183,468 |
| TOTAL LIABILITIES | 201,095,277 |
| Regular Reserve | 0 |
| Other Reserves | -4,442,196 |
| Undivided Earnings | 18,028,674 |
| TOTAL EQUITY | 13,586,478 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 214,681,755 |
| INCOME & EXPENSE | |
| Loan Income | 5,466,273 |
| Investment Income | 610,104 |
| Other Income | 1,622,496 |
| Total Employee Compensation & Benefits | 2,085,458 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,151,619 |
| Non-operating Income & (Expense) | 2,355 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 466,435 |
| Cost of Funds | 237,719 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,377,105 |
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