Dec, 31, 2023 — MOSAIC FEDERAL CREDIT UNION is a federal credit union headquartered in HARRISONBURG, VA with 1 branch location and about $10.62 million in total assets. Opened 38 years ago in 1986, MOSAIC FEDERAL CREDIT UNION has about 3,528 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOSAIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 31 S Carlton St HARRISONBURG, VA 22801-4324 |
| Phone: | (540) 564-6080 |
| Fax: | (540) 564-6084 |
| Website: | https://www.mosaicfcu.org |
| Branches: | 1 branch locations |
| Members: | 3,528 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24281 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1986 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,619,433 |
| CEO/Manager: | Catherine S Hollar |
| Chairperson: | David Hughes |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,962,232 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 2,459,549 |
| Other Loans | 5,701,500 |
| TOTAL LOANS | 8,161,049 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,212 |
| Land And Building | 0 |
| Other Fixed Assets | 36,563 |
| NCUSIF Deposit | 112,836 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,619,433 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 9 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,869 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,634,357 |
| Regular shares | 6,951,916 |
| All Other Shares & Deposits | 157,024 |
| TOTAL SHARES & DEPOSITS | 9,743,296 |
| TOTAL LIABILITIES | 9,760,174 |
| Regular Reserve | 0 |
| Other Reserves | 2,470 |
| Undivided Earnings | 856,789 |
| TOTAL EQUITY | 859,259 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,619,433 |
| INCOME & EXPENSE | |
| Loan Income | 654,891 |
| Investment Income | 86,227 |
| Other Income | 236,908 |
| Total Employee Compensation & Benefits | 407,255 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 518,140 |
| Non-operating Income & (Expense) | 18,396 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 125,500 |
| Cost of Funds | 3,832 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -58,305 |
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