Dec, 31, 2023 — MUTUAL FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 3 branch locations and about $122.28 million in total assets. Opened 75 years ago in 1949, MUTUAL FIRST FEDERAL CREDIT UNION has about 13,064 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUTUAL FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14510 F St OMAHA, NE 68137 |
| Phone: | (402) 697-8200 |
| Fax: | |
| Website: | https://www.mutualfirst.com |
| Branches: | 3 branch locations |
| Members: | 13,064 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24540 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $122,282,139 |
| CEO/Manager: | Kevin R Straub |
| Chairperson: | Lowell Wilhite |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,697,911 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,875,956 |
| Unsecured Loans | 5,840,751 |
| Other Loans | 60,350,685 |
| TOTAL LOANS | 97,113,406 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,223,887 |
| Land And Building | 7,684,937 |
| Other Fixed Assets | 916,621 |
| NCUSIF Deposit | 918,534 |
| All Other Assets | 0 |
| TOTAL ASSETS | 122,282,139 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 75,469 |
| Notes & Interest Payable | 13,589,104 |
| Accounts Payable & Other Liabilities | 1,990,815 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,244,870 |
| Regular shares | 33,806,684 |
| All Other Shares & Deposits | 35,920,751 |
| TOTAL SHARES & DEPOSITS | 96,972,305 |
| TOTAL LIABILITIES | 112,627,693 |
| Regular Reserve | 0 |
| Other Reserves | 5,386,442 |
| Undivided Earnings | 4,268,004 |
| TOTAL EQUITY | 9,654,446 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,282,139 |
| INCOME & EXPENSE | |
| Loan Income | 5,446,012 |
| Investment Income | 425,258 |
| Other Income | 772,385 |
| Total Employee Compensation & Benefits | 2,226,089 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,727,541 |
| Non-operating Income & (Expense) | 10,380 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 500,000 |
| Cost of Funds | 1,512,588 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 258,777 |
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