Dec, 31, 2023 — GREENSTATE CREDIT UNION is a federally insured state chartered credit union headquartered in NORTH LIBERTY, IA with 35 branch locations and about $11.35 billion in total assets. Opened 86 years ago in 1938, GREENSTATE CREDIT UNION has about 451,291 members and employs 860 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREENSTATE CREDIT UNION |
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Address: (Main Office) | 2355 Landon Rd NORTH LIBERTY, IA 52317-6508 |
Phone: | (319) 339-1000 |
Fax: | |
Website: | https://greenstate.org |
Branches: | 35 branch locations |
Members: | 451,291 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60269 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $11,351,187,250 |
CEO/Manager: | Todd D Fanning |
Chairperson: | Fred Mims |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,198,885,002 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 40,538,733 |
Real Estate Loans | 7,029,887,766 |
Unsecured Loans | 633,048,621 |
Other Loans | 2,049,562,670 |
TOTAL LOANS | 9,713,114,302 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -221,245,252 |
Land And Building | 124,749,090 |
Other Fixed Assets | 10,591,041 |
NCUSIF Deposit | 79,147,424 |
All Other Assets | 7,934,764 |
TOTAL ASSETS | 11,351,187,250 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,635,135 |
Notes & Interest Payable | 1,091,000,000 |
Accounts Payable & Other Liabilities | 87,587,687 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 160,000,000 |
Share Drafts | 1,491,755,270 |
Regular shares | 580,896,510 |
All Other Shares & Deposits | 7,137,772,634 |
TOTAL SHARES & DEPOSITS | 9,210,424,415 |
TOTAL LIABILITIES | 10,553,690,480 |
Regular Reserve | 0 |
Other Reserves | 222,052,826 |
Undivided Earnings | 575,443,944 |
TOTAL EQUITY | 797,496,770 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,351,187,250 |
INCOME & EXPENSE | |
Loan Income | 468,496,677 |
Investment Income | 40,433,522 |
Other Income | 30,538,607 |
Total Employee Compensation & Benefits | 108,913,031 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 105,423,906 |
Non-operating Income & (Expense) | -508,659 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,534,077 |
Cost of Funds | 290,605,083 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -62,576,430 |
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