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GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Great Neck, NY with 0 branch location and about $3.82 million in total assets. Opened 76 years ago in 1945, GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 454 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
345 Lakeville Rd
Great Neck, NY 11020-1639
Phone:(516) 441-4068
Fax:
Website:n/a
Branches:0 branch locations
Members:454
Credit Union Type:Federal Credit Union
Charter Number:5163
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1945
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,815,200
CEO/Manager:Flaviano Pereira
Chairperson:Richard J Castro

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,964,285
TOTAL INVESTMENTS 448,314
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,119,832
 Other Loans 256,001
 TOTAL LOANS 1,375,833
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,945
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 22,875
 All Other Assets 22,838
  TOTAL ASSETS 3,815,200
LIABILITIES & CAPITAL:  
 Dividends Payable 2,745
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,262
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,700,249
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,700,249
  TOTAL LIABILITIES 2,749,256
 Regular Reserve 244,460
 Other Reserves 0
 Undivided Earnings 821,484
  TOTAL EQUITY 1,065,944
  TOTAL LIABILITIES, SHARES, & EQUITY 3,815,200
INCOME & EXPENSE  
 Loan Income 34,298
 Investment Income 843
 Other Income 7
 Total Employee Compensation & Benefits 28,220
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,890
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 800
 Cost of Funds 1,600
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,638
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