Dec, 31, 2023 — MARATHON COUNTY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in WAUSAU, WI with 1 branch location and about $39.19 million in total assets. Opened 59 years ago in 1965, MARATHON COUNTY EMPLOYEES CREDIT UNION has about 2,894 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARATHON COUNTY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 400 E THOMAS ST WAUSAU, WI 54403 |
| Phone: | (715) 261-7680 |
| Fax: | (715) 261-7688 |
| Website: | https://www.mcecu.org |
| Branches: | 1 branch locations |
| Members: | 2,894 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66466 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $39,185,372 |
| CEO/Manager: | JAMI J OLCOTT |
| Chairperson: | ROBERT BRUSS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,212,735 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,825,306 |
| Unsecured Loans | 1,916,658 |
| Other Loans | 12,225,513 |
| TOTAL LOANS | 30,967,477 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -215,114 |
| Land And Building | 0 |
| Other Fixed Assets | 12,666 |
| NCUSIF Deposit | 325,454 |
| All Other Assets | 0 |
| TOTAL ASSETS | 39,185,372 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 762,673 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,585,905 |
| Regular shares | 9,417,802 |
| All Other Shares & Deposits | 17,393,057 |
| TOTAL SHARES & DEPOSITS | 32,396,764 |
| TOTAL LIABILITIES | 33,159,437 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,025,935 |
| TOTAL EQUITY | 6,025,935 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 39,185,372 |
| INCOME & EXPENSE | |
| Loan Income | 1,421,099 |
| Investment Income | 322,595 |
| Other Income | 178,074 |
| Total Employee Compensation & Benefits | 640,618 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 625,232 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,056 |
| Cost of Funds | 216,713 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 675,442 |
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