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.
| 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 |
| 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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