Jun, 30, 2024 — HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 1 branch location and about $23.33 million in total assets. Opened 80 years ago in 1945, HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION has about 2,450 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.
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: | https://www.hgecu.com |
Branches: | 1 branch locations |
Members: | 2,450 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,329,761 |
CEO/Manager: | Kory Phillips |
Chairperson: | Gregory Henke |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,300,106 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,081,238 |
Unsecured Loans | 1,076,548 |
Other Loans | 8,874,718 |
TOTAL LOANS | 12,032,504 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -251,323 |
Land And Building | 104,089 |
Other Fixed Assets | 37,857 |
NCUSIF Deposit | 212,442 |
All Other Assets | 35,423 |
TOTAL ASSETS | 23,329,761 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,871 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 91,370 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,752,366 |
Regular shares | 7,003,234 |
All Other Shares & Deposits | 11,277,644 |
TOTAL SHARES & DEPOSITS | 21,033,244 |
TOTAL LIABILITIES | 21,131,485 |
Regular Reserve | 0 |
Other Reserves | 2,053,638 |
Undivided Earnings | 144,638 |
TOTAL EQUITY | 2,198,276 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,329,761 |
INCOME & EXPENSE | |
Loan Income | 584,221 |
Investment Income | 53,228 |
Other Income | 94,777 |
Total Employee Compensation & Benefits | 390,186 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 438,104 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -53,286 |
Cost of Funds | 59,569 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 39,241 |
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