Dec, 31, 2023 — MC FEDERAL CREDIT UNION (MCFCU) is a federal credit union headquartered in DANVILLE, PA with 6 branch locations and about $213.61 million in total assets. Opened 70 years ago in 1954, MC FEDERAL CREDIT UNION (MCFCU) has about 13,331 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 390 Walnut St DANVILLE, PA 17821-1503 |
| Phone: | (570) 275-6155 |
| Fax: | (570) 275-4176 |
| Website: | https://www.mcfcu.org |
| Branches: | 6 branch locations |
| Members: | 13,331 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24929 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $213,611,521 |
| CEO/Manager: | Elba Arenas |
| Chairperson: | Douglas Bastian |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,620,954 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 103,315,834 |
| Unsecured Loans | 11,638,099 |
| Other Loans | 39,284,592 |
| TOTAL LOANS | 154,238,525 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,124,281 |
| Land And Building | 2,800,941 |
| Other Fixed Assets | 296,096 |
| NCUSIF Deposit | 1,917,013 |
| All Other Assets | 179,777 |
| TOTAL ASSETS | 213,611,521 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 909 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,696,866 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,041,881 |
| Regular shares | 63,739,982 |
| All Other Shares & Deposits | 90,095,235 |
| TOTAL SHARES & DEPOSITS | 193,877,099 |
| TOTAL LIABILITIES | 195,574,874 |
| Regular Reserve | 0 |
| Other Reserves | -3,777,646 |
| Undivided Earnings | 21,814,293 |
| TOTAL EQUITY | 18,036,647 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 213,611,521 |
| INCOME & EXPENSE | |
| Loan Income | 8,732,571 |
| Investment Income | 1,316,502 |
| Other Income | 720,379 |
| Total Employee Compensation & Benefits | 3,095,724 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,018,021 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,019,765 |
| Cost of Funds | 2,362,029 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,323,857 |
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