Sep, 30, 2025 — GRANITE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in MANCHESTER, NH with 9 branch locations and about $730.74 million in total assets. Opened 81 years ago in 1945, GRANITE STATE CREDIT UNION has about 53,381 members and employs 155 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRANITE STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1415 Elm St MANCHESTER, NH 03101-1325 |
| Phone: | (603) 668-2221 |
| Fax: | (603) 626-8029 |
| Website: | https://www.gscu.org |
| Branches: | 9 branch locations |
| Members: | 53,381 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63272 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1945 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $730,744,843 |
| CEO/Manager: | Denise L Barstow |
| Chairperson: | Deborah K Vandeberghe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 121,940,723 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 268,194,206 |
| Unsecured Loans | 47,700,993 |
| Other Loans | 201,126,736 |
| TOTAL LOANS | 517,021,935 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,278,973 |
| Land And Building | 26,071,492 |
| Other Fixed Assets | 4,068,729 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,051,234 |
| All Other Assets | 99,986 |
| TOTAL ASSETS | 730,744,843 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,430,139 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 149,545,276 |
| Regular shares | 275,342,378 |
| All Other Shares & Deposits | 230,442,218 |
| TOTAL SHARES & DEPOSITS | 655,329,872 |
| TOTAL LIABILITIES | 661,810,011 |
| Regular Reserve | 0 |
| Other Reserves | -131,227 |
| Undivided Earnings | 69,066,059 |
| TOTAL EQUITY | 68,934,832 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 730,744,843 |
| INCOME & EXPENSE | |
| Loan Income | 25,641,420 |
| Investment Income | 4,972,522 |
| Other Income | 3,382,254 |
| Total Employee Compensation & Benefits | 14,266,624 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 12,249,971 |
| Non-operating Income & (Expense) | 606,474 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,975,000 |
| Cost of Funds | 5,734,359 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,238,646 |
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