Dec, 31, 2023 — MARSHFIELD MEDICAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHFIELD, WI with 1 branch location and about $86.18 million in total assets. Opened 59 years ago in 1965, MARSHFIELD MEDICAL CENTER CREDIT UNION has about 3,763 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARSHFIELD MEDICAL CENTER CREDIT UNION |
|---|---|
| Address: (Main Office) | 302 W Upham St MARSHFIELD, WI 54449-1461 |
| Phone: | (715) 387-8686 |
| Fax: | (715) 389-2753 |
| Website: | https://www.mmccu.com |
| Branches: | 1 branch locations |
| Members: | 3,763 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67066 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $86,176,319 |
| CEO/Manager: | David Murphy |
| Chairperson: | Brooks Burt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,161,160 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,602,034 |
| Unsecured Loans | 667,374 |
| Other Loans | 10,993,756 |
| TOTAL LOANS | 45,263,164 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,725 |
| Land And Building | 1,846,589 |
| Other Fixed Assets | 212,726 |
| NCUSIF Deposit | 764,007 |
| All Other Assets | 0 |
| TOTAL ASSETS | 86,176,319 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 115 |
| Notes & Interest Payable | 9,000,000 |
| Accounts Payable & Other Liabilities | 390,401 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,708,595 |
| Regular shares | 37,909,542 |
| All Other Shares & Deposits | 16,819,685 |
| TOTAL SHARES & DEPOSITS | 72,437,822 |
| TOTAL LIABILITIES | 81,828,473 |
| Regular Reserve | 0 |
| Other Reserves | -1,898,628 |
| Undivided Earnings | 6,246,474 |
| TOTAL EQUITY | 4,347,846 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 86,176,319 |
| INCOME & EXPENSE | |
| Loan Income | 1,894,788 |
| Investment Income | 584,747 |
| Other Income | 74,800 |
| Total Employee Compensation & Benefits | 845,743 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 912,074 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,503 |
| Cost of Funds | 634,577 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,581 |
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