Dec, 31, 2023 — MATERION FEDERAL CREDIT UNION is a federal credit union headquartered in ELMORE, OH with 1 branch location and about $30.71 million in total assets. Opened 54 years ago in 1970, MATERION FEDERAL CREDIT UNION has about 2,211 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MATERION FEDERAL CREDIT UNION |
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Address: (Main Office) | 14710 W Portage River South Rd ELMORE, OH 43416 |
Phone: | (419) 862-4115 |
Fax: | (419) 862-4475 |
Website: | https://www.materionfcu.com |
Branches: | 1 branch locations |
Members: | 2,211 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20063 |
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Membership Type: | Manufacturing - Primary and Fabricated Metals |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,705,531 |
CEO/Manager: | Tiffany Zinn |
Chairperson: | Josh Seigley |
ASSETS: | $ Amount |
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Cash & Equivalents | 28,710 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,120,087 |
Unsecured Loans | 1,365,638 |
Other Loans | 15,513,597 |
TOTAL LOANS | 20,999,322 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -120,894 |
Land And Building | 0 |
Other Fixed Assets | 60,207 |
NCUSIF Deposit | 236,618 |
All Other Assets | 0 |
TOTAL ASSETS | 30,705,531 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 415,294 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,993,229 |
Regular shares | 9,020,878 |
All Other Shares & Deposits | 12,525,559 |
TOTAL SHARES & DEPOSITS | 25,539,666 |
TOTAL LIABILITIES | 25,954,964 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,750,567 |
TOTAL EQUITY | 4,750,567 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,705,531 |
INCOME & EXPENSE | |
Loan Income | 1,022,967 |
Investment Income | 249,705 |
Other Income | 243,336 |
Total Employee Compensation & Benefits | 437,070 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 344,358 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 83,800 |
Cost of Funds | 345,392 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 353,666 |
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