GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.grotonmefcu.com for more information.
Dec, 31, 2023 — GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Groton, CT with 1 branch location and about $7.17 million in total assets. Opened 68 years ago in 1956, GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION has about 583 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GROTON MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box 851 Groton, CT 06340 |
Phone: | (860) 446-4121 |
Fax: | (860) 446-4124 |
Website: | https://www.grotonmefcu.com |
Branches: | 1 branch locations |
Members: | 583 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10892 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,166,142 |
CEO/Manager: | CHERYL DUNAJ |
Chairperson: | Matthew J Morton, Jr. |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,528,372 |
TOTAL INVESTMENTS | 3,012,893 |
Loans Held for Sale | 0 |
Real Estate Loans | 156,140 |
Unsecured Loans | 763,000 |
Other Loans | 1,563,969 |
TOTAL LOANS | 2,483,109 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,147 |
Land And Building | 0 |
Other Fixed Assets | 99,412 |
NCUSIF Deposit | 62,357 |
All Other Assets | 9,146 |
TOTAL ASSETS | 7,166,142 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 112,043 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,633,192 |
Regular shares | 4,709,875 |
All Other Shares & Deposits | 242,290 |
TOTAL SHARES & DEPOSITS | 6,585,357 |
TOTAL LIABILITIES | 6,697,400 |
Regular Reserve | 347,984 |
Other Reserves | 0 |
Undivided Earnings | 120,758 |
TOTAL EQUITY | 468,742 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,166,142 |
INCOME & EXPENSE | |
Loan Income | 186,612 |
Investment Income | 53,443 |
Other Income | 39,256 |
Total Employee Compensation & Benefits | 112,364 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 183,538 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -39,120 |
Cost of Funds | 3,298 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 19,231 |
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