Dec, 31, 2023 — MID-HUDSON VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in KINGSTON, NY with 13 branch locations and about $1.44 billion in total assets. Opened 61 years ago in 1963, MID-HUDSON VALLEY FEDERAL CREDIT UNION has about 92,952 members and employs 278 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MID-HUDSON VALLEY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1099 Morton Blvd KINGSTON, NY 12401 |
Phone: | (845) 336-4444 |
Fax: | (845) 336-6925 |
Website: | https://mhvfcu.com |
Branches: | 13 branch locations |
Members: | 92,952 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15766 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,435,506,379 |
CEO/Manager: | Wayne T Winkler |
Chairperson: | Gary Anderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 75,028,479 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 884,522 |
Real Estate Loans | 498,941,506 |
Unsecured Loans | 96,797,379 |
Other Loans | 390,236,737 |
TOTAL LOANS | 999,405,556 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,984,021 |
Land And Building | 16,367,683 |
Other Fixed Assets | 4,892,103 |
NCUSIF Deposit | 12,283,458 |
All Other Assets | 386,910 |
TOTAL ASSETS | 1,435,506,379 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 613 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 16,499,466 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 299,398,871 |
Regular shares | 550,596,649 |
All Other Shares & Deposits | 437,379,127 |
TOTAL SHARES & DEPOSITS | 1,287,374,647 |
TOTAL LIABILITIES | 1,313,874,726 |
Regular Reserve | 0 |
Other Reserves | -465,566 |
Undivided Earnings | 122,097,219 |
TOTAL EQUITY | 121,631,653 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,435,506,379 |
INCOME & EXPENSE | |
Loan Income | 50,690,162 |
Investment Income | 6,909,656 |
Other Income | 7,934,274 |
Total Employee Compensation & Benefits | 24,920,651 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,327,510 |
Non-operating Income & (Expense) | 689,628 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,748,638 |
Cost of Funds | 9,638,381 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 12,414,851 |
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