Dec, 31, 2023 — GREATER KINSTON CREDIT UNION is a federally insured state chartered credit union headquartered in KINSTON, NC with 1 branch location and about $14.08 million in total assets. Opened 72 years ago in 1952, GREATER KINSTON CREDIT UNION has about 3,922 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: | GREATER KINSTON CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 N Queen St KINSTON, NC 28501-3943 |
| Phone: | (252) 527-4002 |
| Fax: | (252) 527-7785 |
| Website: | https://www.greaterkcu.org |
| Branches: | 1 branch locations |
| Members: | 3,922 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64034 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,084,946 |
| CEO/Manager: | JONTAE SHERROD |
| Chairperson: | JIMMY COCHRAN |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,863,626 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,038,403 |
| Unsecured Loans | 798,688 |
| Other Loans | 1,870,301 |
| TOTAL LOANS | 8,707,392 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -190,120 |
| Land And Building | 295,655 |
| Other Fixed Assets | 7,562 |
| NCUSIF Deposit | 109,080 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,084,946 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,431 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 154,490 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 692,021 |
| Regular shares | 4,752,647 |
| All Other Shares & Deposits | 6,565,110 |
| TOTAL SHARES & DEPOSITS | 12,009,778 |
| TOTAL LIABILITIES | 12,180,699 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,904,247 |
| TOTAL EQUITY | 1,904,247 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,084,946 |
| INCOME & EXPENSE | |
| Loan Income | 496,310 |
| Investment Income | 145,329 |
| Other Income | 66,950 |
| Total Employee Compensation & Benefits | 308,715 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 294,845 |
| Non-operating Income & (Expense) | 23,461 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,100 |
| Cost of Funds | 117,624 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 70,852 |
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