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.
Name: | MANCHESTER MUNICIPAL FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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