Dec, 31, 2023 — MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON, MI with 0 branch location and about $2.50 million in total assets. Opened 68 years ago in 1956, MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION has about 381 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 991 W Broadway Ave MUSKEGON, MI 49441-3521 |
Phone: | (231) 733-1121 |
Fax: | |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 381 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11146 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,503,294 |
CEO/Manager: | kathryn k vandusen |
Chairperson: | melvin l thurston |
ASSETS: | $ Amount |
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Cash & Equivalents | 520,409 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 72,396 |
Other Loans | 1,752,535 |
TOTAL LOANS | 1,824,930 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,095 |
Land And Building | 9,557 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 21,567 |
All Other Assets | 0 |
TOTAL ASSETS | 2,503,294 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -1,672 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,646,249 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,646,249 |
TOTAL LIABILITIES | 1,644,577 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 858,717 |
TOTAL EQUITY | 858,717 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,503,294 |
INCOME & EXPENSE | |
Loan Income | 73,156 |
Investment Income | 29,808 |
Other Income | 35 |
Total Employee Compensation & Benefits | 55,291 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 48,896 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,389 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -7,419 |
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