Dec, 31, 2023 — GREEN RIVER AREA FEDERAL CREDIT UNION is a federal credit union headquartered in OWENSBORO, KY with 3 branch locations and about $58.35 million in total assets. Opened 65 years ago in 1959, GREEN RIVER AREA FEDERAL CREDIT UNION has about 5,138 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREEN RIVER AREA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3000 Highway 144 OWENSBORO, KY 42303-0215 |
| Phone: | (270) 926-0210 |
| Fax: | (270) 926-2058 |
| Website: | https://www.greenriverafcu.com |
| Branches: | 3 branch locations |
| Members: | 5,138 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12852 |
|---|---|
| Membership Type: | Multiple common bond - Primarily primary and fabricated metals |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,346,399 |
| CEO/Manager: | Robert C Clark |
| Chairperson: | James G Wimsatt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,315,117 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,362,646 |
| Unsecured Loans | 527,628 |
| Other Loans | 20,774,515 |
| TOTAL LOANS | 33,664,789 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,519 |
| Land And Building | 501,675 |
| Other Fixed Assets | 57,642 |
| NCUSIF Deposit | 462,646 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,346,399 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 192,070 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,875,501 |
| Regular shares | 27,022,475 |
| All Other Shares & Deposits | 12,699,320 |
| TOTAL SHARES & DEPOSITS | 47,597,297 |
| TOTAL LIABILITIES | 47,789,367 |
| Regular Reserve | 0 |
| Other Reserves | 1,459,114 |
| Undivided Earnings | 9,097,918 |
| TOTAL EQUITY | 10,557,032 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,346,399 |
| INCOME & EXPENSE | |
| Loan Income | 1,373,986 |
| Investment Income | 630,243 |
| Other Income | 185,247 |
| Total Employee Compensation & Benefits | 798,568 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 711,903 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 299,262 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 529,771 |
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