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MANCHESTER MUNICIPAL FEDERAL CREDIT UNION

Dec, 31, 2023 — MANCHESTER MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in MANCHESTER, CT with 1 branch location and about $36.14 million in total assets. Opened 64 years ago in 1960, MANCHESTER MUNICIPAL FEDERAL CREDIT UNION has about 2,161 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.


ABA Routing Number: 211177670
Name:MANCHESTER MUNICIPAL FEDERAL CREDIT UNION
Address:
(Main Office)
479 Main St
MANCHESTER, CT 06040-4101
Phone:(860) 649-7922
Fax:(860) 647-7391
Website:https://www.mmfcu.net
Branches:1 branch locations
Members:2,161
Credit Union Type:Federal Credit Union
Charter Number:13602
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Sep 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$36,138,615
CEO/Manager:Lori J Herrick
Chairperson:David Mauldin

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,756,209
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 7,506,254
 Unsecured Loans 5,593,017
 Other Loans 8,736,998
 TOTAL LOANS 21,836,269
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -127,428
 Land And Building 0
 Other Fixed Assets 4,554
 NCUSIF Deposit 302,456
 All Other Assets 0
  TOTAL ASSETS 36,138,615
LIABILITIES & CAPITAL:  
 Dividends Payable 4,752
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 54,656
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,764,493
 Regular shares 18,403,598
 All Other Shares & Deposits 10,745,728
  TOTAL SHARES & DEPOSITS 32,913,819
  TOTAL LIABILITIES 32,973,227
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 3,165,388
  TOTAL EQUITY 3,165,388
  TOTAL LIABILITIES, SHARES, & EQUITY 36,138,615
INCOME & EXPENSE  
 Loan Income 982,582
 Investment Income 261,607
 Other Income 109,638
 Total Employee Compensation & Benefits 560,107
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 325,907
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 7,752
 Cost of Funds 303,303
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 188,073
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