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M B F T FEDERAL CREDIT UNION

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
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
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:

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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