Dec, 31, 2023 — MAC FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 4 branch locations and about $200.49 million in total assets. Opened 72 years ago in 1952, MAC FEDERAL CREDIT UNION has about 19,671 members and employs 83 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1317 Wembley Ave FAIRBANKS, AK 99701 |
| Phone: | (907) 474-1291 |
| Fax: | (907) 456-2815 |
| Website: | https://www.macfcu.org |
| Branches: | 4 branch locations |
| Members: | 19,671 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8080 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $200,494,588 |
| CEO/Manager: | Angela D Head |
| Chairperson: | Anna M Gould |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,213,744 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,344,617 |
| Unsecured Loans | 11,809,264 |
| Other Loans | 145,381,285 |
| TOTAL LOANS | 165,933,221 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,179,085 |
| Land And Building | 13,963,792 |
| Other Fixed Assets | 1,206,220 |
| NCUSIF Deposit | 1,497,237 |
| All Other Assets | 407,600 |
| TOTAL ASSETS | 200,494,588 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,763,696 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,565,336 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 31,367,387 |
| Regular shares | 40,483,979 |
| All Other Shares & Deposits | 102,400,806 |
| TOTAL SHARES & DEPOSITS | 174,252,171 |
| TOTAL LIABILITIES | 178,581,203 |
| Regular Reserve | 0 |
| Other Reserves | 152,620 |
| Undivided Earnings | 21,760,765 |
| TOTAL EQUITY | 21,913,385 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 200,494,588 |
| INCOME & EXPENSE | |
| Loan Income | 12,352,498 |
| Investment Income | 623,644 |
| Other Income | 2,254,600 |
| Total Employee Compensation & Benefits | 7,360,209 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,580,055 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,199,602 |
| Cost of Funds | 3,606,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,265,143 |
| ↑ Back to Top | |