Dec, 31, 2023 — M & C MENLO PARK FEDERAL CREDIT UNION is a federal credit union headquartered in ISELIN, NJ with 1 branch location and about $1.18 million in total assets. Opened 57 years ago in 1967, M & C MENLO PARK FEDERAL CREDIT UNION has about 183 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | M & C MENLO PARK FEDERAL CREDIT UNION |
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Address: (Main Office) | c/o BASF Corporation ISELIN, NJ 08830 |
Phone: | (732) 205-5199 |
Fax: | (732) 205-6857 |
Website: | https://www.mcmenlopark.com |
Branches: | 1 branch locations |
Members: | 183 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17865 |
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Membership Type: | Manufacturing - Chemicals |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,182,360 |
CEO/Manager: | Kimberly S Maycott |
Chairperson: | Cora D Wright |
ASSETS: | $ Amount |
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Cash & Equivalents | 56,834 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 239,097 |
Other Loans | 462,900 |
TOTAL LOANS | 701,997 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,683 |
Land And Building | 0 |
Other Fixed Assets | 21 |
NCUSIF Deposit | 11,669 |
All Other Assets | 0 |
TOTAL ASSETS | 1,182,360 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,059 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,742 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 883,872 |
All Other Shares & Deposits | 211,663 |
TOTAL SHARES & DEPOSITS | 1,095,536 |
TOTAL LIABILITIES | 1,103,337 |
Regular Reserve | 0 |
Other Reserves | -4,896 |
Undivided Earnings | 83,919 |
TOTAL EQUITY | 79,023 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,182,360 |
INCOME & EXPENSE | |
Loan Income | 41,454 |
Investment Income | 10,559 |
Other Income | 2,910 |
Total Employee Compensation & Benefits | 34,087 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,953 |
Non-operating Income & (Expense) | 409 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,160 |
Cost of Funds | 8,914 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -15,968 |
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