Dec, 31, 2023 — GHS FEDERAL CREDIT UNION is a federal credit union headquartered in BINGHAMTON, NY with 2 branch locations and about $226.11 million in total assets. Opened 84 years ago in 1940, GHS FEDERAL CREDIT UNION has about 19,912 members and employs 40 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: | 2 branch locations |
| Members: | 19,912 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $226,111,066 |
| CEO/Manager: | Shawn Wolbert |
| Chairperson: | Jason Aurelio |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,177,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,495,472 |
| Unsecured Loans | 16,375,110 |
| Other Loans | 91,275,918 |
| TOTAL LOANS | 161,146,500 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,342,393 |
| Land And Building | 2,499,659 |
| Other Fixed Assets | 291,127 |
| NCUSIF Deposit | 1,901,908 |
| All Other Assets | 192,986 |
| TOTAL ASSETS | 226,111,066 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 528 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 534,216 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,720,214 |
| Regular shares | 77,116,088 |
| All Other Shares & Deposits | 88,858,452 |
| TOTAL SHARES & DEPOSITS | 209,694,753 |
| TOTAL LIABILITIES | 210,229,497 |
| Regular Reserve | 0 |
| Other Reserves | -3,002,957 |
| Undivided Earnings | 18,884,526 |
| TOTAL EQUITY | 15,881,569 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 226,111,066 |
| INCOME & EXPENSE | |
| Loan Income | 10,277,088 |
| Investment Income | 1,050,044 |
| Other Income | 2,433,179 |
| Total Employee Compensation & Benefits | 2,867,267 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,687,945 |
| Non-operating Income & (Expense) | -33,581 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,763,621 |
| Cost of Funds | 2,125,196 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,710,085 |
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