MEADOW GOLD EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mgecu.org for more information.
Dec, 31, 2023 — MEADOW GOLD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $5.56 million in total assets. Opened 88 years ago in 1936, MEADOW GOLD EMPLOYEES CREDIT UNION has about 473 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEADOW GOLD EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3691 W 1987 S SALT LAKE CITY, UT 84104 |
| Phone: | (801) 908-7113 |
| Fax: | (801) 975-8022 |
| Website: | https://www.mgecu.org |
| Branches: | 1 branch locations |
| Members: | 473 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67067 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,555,211 |
| CEO/Manager: | Lynn Nelson |
| Chairperson: | Sarah Brusik |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 936,021 |
| TOTAL INVESTMENTS | 2,295,580 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 84,538 |
| Other Loans | 2,204,031 |
| TOTAL LOANS | 2,288,569 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 39,378 |
| All Other Assets | 15,663 |
| TOTAL ASSETS | 5,555,211 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 11,926 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 547,934 |
| Regular shares | 1,930,632 |
| All Other Shares & Deposits | 1,989,932 |
| TOTAL SHARES & DEPOSITS | 4,468,498 |
| TOTAL LIABILITIES | 4,480,424 |
| Regular Reserve | 471,497 |
| Other Reserves | 0 |
| Undivided Earnings | 603,290 |
| TOTAL EQUITY | 1,074,787 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,555,211 |
| INCOME & EXPENSE | |
| Loan Income | 108,484 |
| Investment Income | 32,852 |
| Other Income | 44,210 |
| Total Employee Compensation & Benefits | 90,751 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 87,542 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,600 |
| Cost of Funds | 22,482 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,185 |
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