Dec, 31, 2023 — MEDIA MEMBERS FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 1 branch location and about $58.89 million in total assets. Opened 54 years ago in 1970, MEDIA MEMBERS FEDERAL CREDIT UNION has about 6,792 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEDIA MEMBERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 3131 Walnut St PHILADELPHIA, PA 19104-3415 |
Phone: | (215) 898-8539 |
Fax: | (215) 573-2163 |
Website: | https://www.penncu.org |
Branches: | 1 branch locations |
Members: | 6,792 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20207 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,892,007 |
CEO/Manager: | Ken Stone |
Chairperson: | Earl W Laney |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,086,171 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,978,786 |
Unsecured Loans | 5,890,610 |
Other Loans | 3,923,566 |
TOTAL LOANS | 19,792,962 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -463,413 |
Land And Building | 0 |
Other Fixed Assets | 2,602,080 |
NCUSIF Deposit | 460,413 |
All Other Assets | 0 |
TOTAL ASSETS | 58,892,007 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,792,964 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,066,678 |
Regular shares | 28,295,896 |
All Other Shares & Deposits | 9,794,234 |
TOTAL SHARES & DEPOSITS | 44,156,808 |
TOTAL LIABILITIES | 45,949,772 |
Regular Reserve | 0 |
Other Reserves | 979,208 |
Undivided Earnings | 11,963,027 |
TOTAL EQUITY | 12,942,235 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,892,007 |
INCOME & EXPENSE | |
Loan Income | 1,399,343 |
Investment Income | 659,561 |
Other Income | 347,399 |
Total Employee Compensation & Benefits | 978,378 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,363,975 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,072 |
Cost of Funds | 102,293 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 195,089 |
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