Dec, 31, 2023 — MADISON FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 1 branch location and about $5.09 million in total assets. Opened 93 years ago in 1931, MADISON FIRE DEPARTMENT CREDIT UNION has about 850 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MADISON FIRE DEPARTMENT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1437 Monroe St MADISON, WI 53711-2018 |
| Phone: | (608) 266-4952 |
| Fax: | (608) 258-1377 |
| Website: | https://www.mfdcu.org |
| Branches: | 1 branch locations |
| Members: | 850 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66499 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,091,222 |
| CEO/Manager: | Stephen K Krieger |
| Chairperson: | Lawrence Grab |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 518,092 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 296,736 |
| Other Loans | 4,198,963 |
| TOTAL LOANS | 4,495,699 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,919 |
| Land And Building | 0 |
| Other Fixed Assets | 673 |
| NCUSIF Deposit | 40,373 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,091,222 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,141 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 8,454 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 2,365,762 |
| All Other Shares & Deposits | 1,775,843 |
| TOTAL SHARES & DEPOSITS | 4,141,605 |
| TOTAL LIABILITIES | 4,155,200 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 936,022 |
| TOTAL EQUITY | 936,022 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,091,222 |
| INCOME & EXPENSE | |
| Loan Income | 197,411 |
| Investment Income | 15,402 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 62,922 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 36,334 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,698 |
| Cost of Funds | 54,129 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 63,800 |
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