Dec, 31, 2023 — GREENSBORO CREDIT UNION is a federally insured state chartered credit union headquartered in GREENSBORO, NC with 3 branch locations and about $17.95 million in total assets. Opened 96 years ago in 1928, GREENSBORO CREDIT UNION has about 1,655 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREENSBORO CREDIT UNION |
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Address: (Main Office) | 3701 W Wendover Ave GREENSBORO, NC 27495-0001 |
Phone: | (336) 855-0662 |
Fax: | (336) 855-3448 |
Website: | https://www.gsocu.org |
Branches: | 3 branch locations |
Members: | 1,655 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63445 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1928 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $17,947,293 |
CEO/Manager: | Pamala Douglas |
Chairperson: | Wanda W Strachan |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,841,431 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,724,687 |
Unsecured Loans | 331,252 |
Other Loans | 3,983,556 |
TOTAL LOANS | 9,039,495 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -66,293 |
Land And Building | 0 |
Other Fixed Assets | 28,170 |
NCUSIF Deposit | 154,179 |
All Other Assets | 0 |
TOTAL ASSETS | 17,947,293 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 49,069 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,767,025 |
Regular shares | 10,781,838 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 12,548,863 |
TOTAL LIABILITIES | 12,597,932 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,349,361 |
TOTAL EQUITY | 5,349,361 |
TOTAL LIABILITIES, SHARES, & EQUITY | 17,947,293 |
INCOME & EXPENSE | |
Loan Income | 390,977 |
Investment Income | 300,947 |
Other Income | 50,327 |
Total Employee Compensation & Benefits | 420,067 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 240,612 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,872 |
Cost of Funds | 12,000 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 50,481 |
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