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MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION

Mar, 31, 2021 — MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKEGON HTS, MI with 0 branch location and about $3.14 million in total assets. Opened 65 years ago in 1956, MUSKEGON PATTERNMAKERS FEDERAL CREDIT UNION has about 406 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:406
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:$3,144,141
CEO/Manager:kathryn k vandusen
Chairperson:melvin l thurston

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 646,461
TOTAL INVESTMENTS 676,700
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 65,497
 Other Loans 1,736,580
 TOTAL LOANS 1,802,077
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,743
 Land And Building 8,510
 Other Fixed Assets 1,741
 NCUSIF Deposit 20,395
 All Other Assets 0
  TOTAL ASSETS 3,144,141
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 2,273,299
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 2,273,299
  TOTAL LIABILITIES 2,273,773
 Regular Reserve 90,361
 Other Reserves 780,007
 Undivided Earnings 0
  TOTAL EQUITY 870,368
  TOTAL LIABILITIES, SHARES, & EQUITY 3,144,141
INCOME & EXPENSE  
 Loan Income 14,457
 Investment Income 3,241
 Other Income 0
 Total Employee Compensation & Benefits 9,744
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,874
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,669
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,589
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