Dec, 31, 2023 — MEADOW GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in MEADOW GROVE, NE with 1 branch location and about $5.78 million in total assets. Opened 40 years ago in 1984, MEADOW GROVE FEDERAL CREDIT UNION has about 479 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEADOW GROVE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 210 Main St MEADOW GROVE, NE 68752-4131 |
| Phone: | (402) 634-2911 |
| Fax: | (402) 634-2192 |
| Website: | https://meadowgrovefcu.org |
| Branches: | 1 branch locations |
| Members: | 479 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24759 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1984 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,777,125 |
| CEO/Manager: | Chrystal Poldberg |
| Chairperson: | Jamie Arens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 402,458 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 940,830 |
| Unsecured Loans | 77,018 |
| Other Loans | 2,117,963 |
| TOTAL LOANS | 3,135,811 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,235 |
| Land And Building | 3,252 |
| Other Fixed Assets | 4,435 |
| NCUSIF Deposit | 49,685 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,777,125 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,488 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,425,603 |
| Regular shares | 3,202,076 |
| All Other Shares & Deposits | 389,656 |
| TOTAL SHARES & DEPOSITS | 5,017,335 |
| TOTAL LIABILITIES | 5,025,823 |
| Regular Reserve | 0 |
| Other Reserves | 174,453 |
| Undivided Earnings | 576,849 |
| TOTAL EQUITY | 751,302 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,777,125 |
| INCOME & EXPENSE | |
| Loan Income | 144,720 |
| Investment Income | 88,512 |
| Other Income | 38,985 |
| Total Employee Compensation & Benefits | 89,563 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 96,582 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 38,644 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 51,005 |
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