M B F T FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — M B F T FEDERAL CREDIT UNION is a federal credit union headquartered in THURMONT, MD with 1 branch location and about $369,220 in total assets. Opened 61 years ago in 1963, M B F T FEDERAL CREDIT UNION has about 93 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | M B F T FEDERAL CREDIT UNION |
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Address: (Main Office) | 1 POPLAR ST THURMONT, MD 21788 |
Phone: | (301) 271-5722 |
Fax: | (301) 271-5160 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 93 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15805 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Mar 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $369,220 |
CEO/Manager: | Wanda J Peomroy |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 235,231 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 48,182 |
Other Loans | 84,596 |
TOTAL LOANS | 132,778 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,366 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 2,836 |
All Other Assets | 741 |
TOTAL ASSETS | 369,220 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,142 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 186,100 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 186,100 |
TOTAL LIABILITIES | 187,242 |
Regular Reserve | 58,863 |
Other Reserves | 0 |
Undivided Earnings | 123,115 |
TOTAL EQUITY | 181,978 |
TOTAL LIABILITIES, SHARES, & EQUITY | 369,220 |
INCOME & EXPENSE | |
Loan Income | 7,951 |
Investment Income | 639 |
Other Income | 2 |
Total Employee Compensation & Benefits | 6,530 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 7,355 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,636 |
Cost of Funds | 323 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,980 |
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