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National Credit Union Service Organization

MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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