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 |
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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 |
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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 |
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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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