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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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