Dec, 31, 2023 — MARISOL FEDERAL CREDIT UNION is a federal credit union headquartered in PHOENIX, AZ with 2 branch locations and about $50.18 million in total assets. Opened 70 years ago in 1954, MARISOL FEDERAL CREDIT UNION has about 6,567 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARISOL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1515 W Roosevelt St PHOENIX, AZ 85007-2034 |
| Phone: | (602) 252-6831 |
| Fax: | (602) 252-6447 |
| Website: | https://www.marisolcu.org |
| Branches: | 2 branch locations |
| Members: | 6,567 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9469 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $50,181,557 |
| CEO/Manager: | Robin L Romano |
| Chairperson: | Mary A Harden |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,760,073 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,476,534 |
| Unsecured Loans | 5,236,323 |
| Other Loans | 10,617,216 |
| TOTAL LOANS | 27,330,073 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -476,047 |
| Land And Building | 3,801,760 |
| Other Fixed Assets | 194,076 |
| NCUSIF Deposit | 449,320 |
| All Other Assets | 0 |
| TOTAL ASSETS | 50,181,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 551,034 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,234,675 |
| Regular shares | 23,765,933 |
| All Other Shares & Deposits | 11,374,770 |
| TOTAL SHARES & DEPOSITS | 43,375,378 |
| TOTAL LIABILITIES | 43,926,412 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,255,145 |
| TOTAL EQUITY | 6,255,145 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 50,181,557 |
| INCOME & EXPENSE | |
| Loan Income | 1,602,103 |
| Investment Income | 486,346 |
| Other Income | 359,988 |
| Total Employee Compensation & Benefits | 1,196,658 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,227,009 |
| Non-operating Income & (Expense) | 209,378 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 179,500 |
| Cost of Funds | 118,663 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 272,539 |
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