Dec, 31, 2023 — GREECE COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in ROCHESTER, NY with 2 branch locations and about $12.67 million in total assets. Opened 49 years ago in 1975, GREECE COMMUNITY FEDERAL CREDIT UNION has about 1,435 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREECE COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1795 English Rd ROCHESTER, NY 14616 |
| Phone: | (585) 865-2560 |
| Fax: | |
| Website: | https://www.greecefcu.com |
| Branches: | 2 branch locations |
| Members: | 1,435 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24274 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,666,693 |
| CEO/Manager: | Laura J Dewey |
| Chairperson: | Teresa Melore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,832,082 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,589,097 |
| Unsecured Loans | 704,112 |
| Other Loans | 5,785,657 |
| TOTAL LOANS | 9,078,866 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,805 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 106,224 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,666,693 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 201 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,412 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,540,973 |
| Regular shares | 7,767,384 |
| All Other Shares & Deposits | 2,110,752 |
| TOTAL SHARES & DEPOSITS | 11,419,109 |
| TOTAL LIABILITIES | 11,430,722 |
| Regular Reserve | 0 |
| Other Reserves | 569,909 |
| Undivided Earnings | 666,062 |
| TOTAL EQUITY | 1,235,971 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,666,693 |
| INCOME & EXPENSE | |
| Loan Income | 593,990 |
| Investment Income | 39,252 |
| Other Income | 57,334 |
| Total Employee Compensation & Benefits | 236,769 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 208,686 |
| Non-operating Income & (Expense) | 11,148 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,000 |
| Cost of Funds | 26,462 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 186,807 |
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