Dec, 31, 2020 — MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON HTS, MI with 0 branch location and about $3.13 million in total assets. Opened 65 years ago in 1956, MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION has about 407 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION |
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Address: (Main Office) | 513 W BROADWAY AVE MUSKEGON HTS, MI 49444-1905 |
Phone: | (231) 733-1121 |
Fax: | (231) 739-5939 |
Website: | n/a |
Branches: | 0 branch locations |
Members: | 407 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11146 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Jul 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $3,134,008 |
CEO/Manager: | kathryn k vandusen |
Chairperson: | melvin l thurston |
ASSETS: | $ Amount |
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Cash & Equivalents | 729,489 |
TOTAL INVESTMENTS | 676,700 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 84,860 |
Other Loans | 1,622,049 |
TOTAL LOANS | 1,706,909 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,743 |
Land And Building | 8,510 |
Other Fixed Assets | 3,748 |
NCUSIF Deposit | 20,395 |
All Other Assets | 0 |
TOTAL ASSETS | 3,134,008 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 474 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,259,578 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 2,259,578 |
TOTAL LIABILITIES | 2,260,052 |
Regular Reserve | 90,361 |
Other Reserves | 783,595 |
Undivided Earnings | 0 |
TOTAL EQUITY | 873,956 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,134,008 |
INCOME & EXPENSE | |
Loan Income | 60,710 |
Investment Income | 19,194 |
Other Income | 59 |
Total Employee Compensation & Benefits | 39,961 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 33,769 |
Non-operating Income & (Expense) | 4,610 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 6,480 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,363 |
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