Dec, 31, 2023 — HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 1 branch location and about $19.92 million in total assets. Opened 79 years ago in 1945, HUTCHINSON GOVERNMENT EMPLOYEES CREDIT UNION has about 2,380 members and employs 7 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: | https://www.hgecu.com |
| Branches: | 1 branch locations |
| Members: | 2,380 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,917,359 |
| CEO/Manager: | Kory Phillips |
| Chairperson: | Gregory Henke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,357,137 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,794,341 |
| Unsecured Loans | 1,056,007 |
| Other Loans | 7,851,372 |
| TOTAL LOANS | 10,701,719 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -229,261 |
| Land And Building | 88,857 |
| Other Fixed Assets | 18,775 |
| NCUSIF Deposit | 191,841 |
| All Other Assets | 109,400 |
| TOTAL ASSETS | 19,917,359 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,700 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 93,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,716,267 |
| Regular shares | 6,385,023 |
| All Other Shares & Deposits | 8,305,179 |
| TOTAL SHARES & DEPOSITS | 17,406,469 |
| TOTAL LIABILITIES | 17,510,675 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,406,684 |
| TOTAL EQUITY | 2,406,684 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,917,359 |
| INCOME & EXPENSE | |
| Loan Income | 666,476 |
| Investment Income | 290,402 |
| Other Income | 117,237 |
| Total Employee Compensation & Benefits | 440,307 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 482,951 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,647 |
| Cost of Funds | 113,365 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 171,578 |
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