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HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION

Mar, 31, 2022 — 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 2,498 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 301178398
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:2,498
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:$24,207,618
CEO/Manager:Kory Phillips
Chairperson:Gregory Henke

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,801,558
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,299,318
 Unsecured Loans 1,147,435
 Other Loans 10,175,915
 TOTAL LOANS 13,622,668
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -305,673
 Land And Building 113,819
 Other Fixed Assets 39,458
 NCUSIF Deposit 212,955
 All Other Assets 35,423
  TOTAL ASSETS 24,207,618
LIABILITIES & CAPITAL:  
 Dividends Payable 6,998
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 74,923
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,755,393
 Regular shares 7,775,679
 All Other Shares & Deposits 11,444,443
  TOTAL SHARES & DEPOSITS 21,975,515
  TOTAL LIABILITIES 22,057,436
 Regular Reserve 0
 Other Reserves 1,310,781
 Undivided Earnings 839,401
  TOTAL EQUITY 2,150,182
  TOTAL LIABILITIES, SHARES, & EQUITY 24,207,618
INCOME & EXPENSE  
 Loan Income 204,354
 Investment Income 5,291
 Other Income 38,087
 Total Employee Compensation & Benefits 144,311
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 157,279
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -10,000
 Cost of Funds 19,235
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -8,849
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