MEM FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.memfcu.org for more information.
Dec, 31, 2023 — MEM FEDERAL CREDIT UNION is a federal credit union headquartered in Pittsburgh, PA with 1 branch location and about $21.15 million in total assets. Opened 89 years ago in 1935, MEM FEDERAL CREDIT UNION has about 1,811 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEM FEDERAL CREDIT UNION |
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Address: (Main Office) | PO Box 18269 Pittsburgh, PA 15236 |
Phone: | (412) 943-1050 |
Fax: | (412) 943-1014 |
Website: | https://www.memfcu.org |
Branches: | 1 branch locations |
Members: | 1,811 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 276 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,152,708 |
CEO/Manager: | Timothy A Irons |
Chairperson: | Marlene D Ackman |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,838,499 |
TOTAL INVESTMENTS | 6,755,720 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,722,370 |
Unsecured Loans | 631,010 |
Other Loans | 2,984,942 |
TOTAL LOANS | 5,338,322 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,033 |
Land And Building | 0 |
Other Fixed Assets | 3,094 |
NCUSIF Deposit | 185,291 |
All Other Assets | 55,815 |
TOTAL ASSETS | 21,152,708 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -446 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,625,359 |
Regular shares | 14,244,238 |
All Other Shares & Deposits | 1,236,297 |
TOTAL SHARES & DEPOSITS | 19,105,894 |
TOTAL LIABILITIES | 19,105,448 |
Regular Reserve | 287,255 |
Other Reserves | 0 |
Undivided Earnings | 1,760,005 |
TOTAL EQUITY | 2,047,260 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,152,708 |
INCOME & EXPENSE | |
Loan Income | 118,507 |
Investment Income | 52,255 |
Other Income | 20,935 |
Total Employee Compensation & Benefits | 140,818 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 105,644 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -163 |
Cost of Funds | 5,969 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -53,592 |
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