Jun, 30, 2024 — GRANITE STATE CREDIT UNION is a federally insured state chartered credit union headquartered in MANCHESTER, NH with 9 branch locations and about $641.63 million in total assets. Opened 80 years ago in 1945, GRANITE STATE CREDIT UNION has about 49,204 members and employs 153 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: | 49,204 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $641,630,931 |
| CEO/Manager: | Denise L Barstow |
| Chairperson: | Allen F Pattee |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 59,343,235 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 230,535,832 |
| Unsecured Loans | 40,463,018 |
| Other Loans | 213,625,212 |
| TOTAL LOANS | 484,710,512 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,303,611 |
| Land And Building | 23,784,827 |
| Other Fixed Assets | 5,299,147 |
| NCUSIF Deposit | 5,275,150 |
| All Other Assets | 55,134 |
| TOTAL ASSETS | 641,630,931 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,056,156 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 134,895,207 |
| Regular shares | 336,108,647 |
| All Other Shares & Deposits | 116,543,642 |
| TOTAL SHARES & DEPOSITS | 587,547,496 |
| TOTAL LIABILITIES | 592,603,652 |
| Regular Reserve | 0 |
| Other Reserves | -2,820,612 |
| Undivided Earnings | 51,847,891 |
| TOTAL EQUITY | 49,027,279 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 641,630,931 |
| INCOME & EXPENSE | |
| Loan Income | 16,490,542 |
| Investment Income | 863,422 |
| Other Income | 3,612,201 |
| Total Employee Compensation & Benefits | 10,933,766 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,727,991 |
| Non-operating Income & (Expense) | 17,681 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 165,000 |
| Cost of Funds | 489,527 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,354,246 |
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