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GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2023 — GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in GREAT NECK, NY with 0 branch location and about $3.19 million in total assets. Opened 79 years ago in 1945, GREAT NECK SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 365 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:365
Credit Union Type:Federal Credit Union
Charter Number:5163
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1945
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$3,189,538
CEO/Manager:Flaviano Pereira
Chairperson:Jennifer R DiPalo

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 512,807
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 1,250,443
 Other Loans 824,616
 TOTAL LOANS 2,075,059
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -40,533
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 24,583
 All Other Assets 0
  TOTAL ASSETS 3,189,538
LIABILITIES & CAPITAL:  
 Dividends Payable 2,615
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 67,187
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,081,476
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,081,476
  TOTAL LIABILITIES 2,151,278
 Regular Reserve 0
 Other Reserves 244,460
 Undivided Earnings 793,800
  TOTAL EQUITY 1,038,260
  TOTAL LIABILITIES, SHARES, & EQUITY 3,189,538
INCOME & EXPENSE  
 Loan Income 148,546
 Investment Income 18,420
 Other Income 24
 Total Employee Compensation & Benefits 136,554
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,347
 Non-operating Income & (Expense) 1,843
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,500
 Cost of Funds 8,300
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -34,868
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