Dec, 31, 2021 — HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 1 branch location and about $24.21 million in total assets. Opened 77 years ago in 1945, HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION has about 2,505 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 121 E Avenue A HUTCHINSON, KS 67501 |
| Phone: | (620) 663-2991 |
| Fax: | (620) 663-2992 |
| Website: | http://www.hgecu.com |
| Branches: | 1 branch locations |
| Members: | 2,505 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63090 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,206,676 |
| CEO/Manager: | Kory Phillips |
| Chairperson: | Gregory Henke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,698,773 |
| TOTAL INVESTMENTS | 3,571,136 |
| Loans Held for Sale | 155,950 |
| Real Estate Loans | 2,492,170 |
| Unsecured Loans | 1,262,867 |
| Other Loans | 10,833,970 |
| TOTAL LOANS | 14,589,007 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -303,486 |
| Land And Building | 118,693 |
| Other Fixed Assets | 44,157 |
| NCUSIF Deposit | 212,955 |
| All Other Assets | 119,491 |
| TOTAL ASSETS | 24,206,676 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,359 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 343,746 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,808,747 |
| Regular shares | 7,601,861 |
| All Other Shares & Deposits | 11,285,930 |
| TOTAL SHARES & DEPOSITS | 21,696,538 |
| TOTAL LIABILITIES | 22,047,643 |
| Regular Reserve | 742,856 |
| Other Reserves | 1,310,781 |
| Undivided Earnings | 105,396 |
| TOTAL EQUITY | 2,159,033 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,206,676 |
| INCOME & EXPENSE | |
| Loan Income | 906,068 |
| Investment Income | 18,774 |
| Other Income | 174,403 |
| Total Employee Compensation & Benefits | 470,009 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 645,311 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -50,000 |
| Cost of Funds | 106,041 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 98,431 |
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