Dec, 31, 2023 — GREATER EASTERN CREDIT UNION is a federally insured state chartered credit union headquartered in JOHNSON CITY, TN with 3 branch locations and about $55.38 million in total assets. Opened 72 years ago in 1952, GREATER EASTERN CREDIT UNION has about 4,005 members and employs 20 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 EASTERN CREDIT UNION |
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Address: (Main Office) | 2110 W Mountcastle Dr JOHNSON CITY, TN 37604 |
Phone: | (423) 283-6833 |
Fax: | (423) 282-8051 |
Website: | https://www.greatereastern.org |
Branches: | 3 branch locations |
Members: | 4,005 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67701 |
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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: | $55,383,589 |
CEO/Manager: | Samantha Cantrell |
Chairperson: | Lynice G Broyles |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,309,241 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,763,302 |
Unsecured Loans | 3,903,142 |
Other Loans | 18,044,794 |
TOTAL LOANS | 34,711,238 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -336,433 |
Land And Building | 2,629,211 |
Other Fixed Assets | 87,960 |
NCUSIF Deposit | 471,496 |
All Other Assets | 0 |
TOTAL ASSETS | 55,383,589 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 839 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 501,342 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,741,909 |
Regular shares | 19,963,690 |
All Other Shares & Deposits | 16,571,756 |
TOTAL SHARES & DEPOSITS | 47,277,355 |
TOTAL LIABILITIES | 47,779,536 |
Regular Reserve | 0 |
Other Reserves | 3,063,698 |
Undivided Earnings | 4,540,355 |
TOTAL EQUITY | 7,604,053 |
TOTAL LIABILITIES, SHARES, & EQUITY | 55,383,589 |
INCOME & EXPENSE | |
Loan Income | 1,787,752 |
Investment Income | 489,569 |
Other Income | 403,196 |
Total Employee Compensation & Benefits | 1,173,271 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,177,051 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 124,092 |
Cost of Funds | 158,157 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 500,681 |
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