Dec, 31, 2023 — GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in SPRINGVILLE, NY with 1 branch location and about $5.79 million in total assets. Opened 63 years ago in 1961, GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION has about 598 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 64 E Main St Ste 3 SPRINGVILLE, NY 14141 |
| Phone: | (716) 592-9887 |
| Fax: | (716) 592-9887 |
| Website: | https://www.springvillefcu.org |
| Branches: | 1 branch locations |
| Members: | 598 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14505 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,787,096 |
| CEO/Manager: | Sue Bialasik |
| Chairperson: | Diane Brady |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 412,743 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 757,098 |
| Other Loans | 1,839,493 |
| TOTAL LOANS | 2,596,590 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,356 |
| Land And Building | 0 |
| Other Fixed Assets | 2,441 |
| NCUSIF Deposit | 52,711 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,787,096 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,564,836 |
| All Other Shares & Deposits | 1,663,411 |
| TOTAL SHARES & DEPOSITS | 5,228,247 |
| TOTAL LIABILITIES | 5,233,702 |
| Regular Reserve | 0 |
| Other Reserves | -2,583 |
| Undivided Earnings | 555,977 |
| TOTAL EQUITY | 553,394 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,787,096 |
| INCOME & EXPENSE | |
| Loan Income | 101,068 |
| Investment Income | 36,282 |
| Other Income | 1,352 |
| Total Employee Compensation & Benefits | 42,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,389 |
| Non-operating Income & (Expense) | 954 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,750 |
| Cost of Funds | 53,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,927 |
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