Dec, 31, 2023 — MIAMI UNIVERSITY COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in OXFORD, OH with 4 branch locations and about $74.77 million in total assets. Opened 55 years ago in 1969, MIAMI UNIVERSITY COMMUNITY FEDERAL CREDIT UNION has about 7,691 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MIAMI UNIVERSITY COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 31 Lynn Ave OXFORD, OH 45056 |
| Phone: | (513) 523-8888 |
| Fax: | (513) 523-1718 |
| Website: | https://www.muccu.org |
| Branches: | 4 branch locations |
| Members: | 7,691 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 19678 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $74,772,748 |
| CEO/Manager: | James M Schultheiss |
| Chairperson: | Susan Vaughn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,566,672 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 29,723,345 |
| Unsecured Loans | 2,891,418 |
| Other Loans | 7,166,162 |
| TOTAL LOANS | 39,780,925 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -430,177 |
| Land And Building | 2,732,381 |
| Other Fixed Assets | 76,431 |
| NCUSIF Deposit | 680,241 |
| All Other Assets | 0 |
| TOTAL ASSETS | 74,772,748 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 29,085 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 134,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,308,314 |
| Regular shares | 18,167,349 |
| All Other Shares & Deposits | 37,539,305 |
| TOTAL SHARES & DEPOSITS | 66,014,968 |
| TOTAL LIABILITIES | 66,178,364 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,594,384 |
| TOTAL EQUITY | 8,594,384 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 74,772,748 |
| INCOME & EXPENSE | |
| Loan Income | 2,079,028 |
| Investment Income | 743,624 |
| Other Income | 250,819 |
| Total Employee Compensation & Benefits | 866,391 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,180,029 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 206,173 |
| Cost of Funds | 530,472 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 484,828 |
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