Dec, 31, 2023 — MADISON EDUCATION ASSOC. CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, FL with 1 branch location and about $6.27 million in total assets. Opened 61 years ago in 1963, MADISON EDUCATION ASSOC. CREDIT UNION has about 795 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MADISON EDUCATION ASSOC. CREDIT UNION |
---|---|
Address: (Main Office) | 373 NE Sumter St MADISON, FL 32340-2540 |
Phone: | (850) 973-3132 |
Fax: | (850) 973-8444 |
Website: | https://madisoncuonline.org |
Branches: | 1 branch locations |
Members: | 795 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67630 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $6,272,374 |
CEO/Manager: | Gena K Shiver |
Chairperson: | Joseph M Akerman |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 207,425 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 304,727 |
Other Loans | 2,252,647 |
TOTAL LOANS | 2,557,374 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,916 |
Land And Building | 0 |
Other Fixed Assets | 17 |
NCUSIF Deposit | 55,486 |
All Other Assets | 0 |
TOTAL ASSETS | 6,272,374 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,230 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 57,537 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 4,915,285 |
All Other Shares & Deposits | 364,270 |
TOTAL SHARES & DEPOSITS | 5,279,555 |
TOTAL LIABILITIES | 5,340,322 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 932,052 |
TOTAL EQUITY | 932,052 |
TOTAL LIABILITIES, SHARES, & EQUITY | 6,272,374 |
INCOME & EXPENSE | |
Loan Income | 134,021 |
Investment Income | 76,868 |
Other Income | 9,601 |
Total Employee Compensation & Benefits | 107,473 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 45,869 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,296 |
Cost of Funds | 56,887 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,985 |
↑ Back to Top |