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MASTERS, MATES & PILOTS (MM&P) FEDERAL CREDIT UNION

Dec, 31, 2020 — MASTERS, MATES & PILOTS (MM&P) FEDERAL CREDIT UNION is a federal credit union headquartered in Linthicum, MD with 0 branch location and about $2.52 million in total assets. Opened 63 years ago in 1958, MASTERS, MATES & PILOTS (MM&P) FEDERAL CREDIT UNION has about 572 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MASTERS, MATES & PILOTS (MM&P) FEDERAL CREDIT UNION
Address:
(Main Office)
700 Maritime Blvd
Linthicum, MD 21090
Phone:(410) 691-8136
Fax:(410) 859-1623
Website:http://creditunion.bridgedeck.org
Branches:0 branch locations
Members:572
Credit Union Type:Federal Credit Union
Charter Number:12440
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1958
Last Audited:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$2,515,375
CEO/Manager:KATHY A KLISAVAGE
Chairperson:Patrick McCullough

Call Report

  • Pay Day Loans
  • Risk Based Loans
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 884,436
TOTAL INVESTMENTS 154,699
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 176,204
 Other Loans 1,236,516
 TOTAL LOANS 1,412,720
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,009
 Land And Building 0
 Other Fixed Assets 18
 NCUSIF Deposit 19,526
 All Other Assets 53,985
  TOTAL ASSETS 2,515,375
LIABILITIES & CAPITAL:  
 Dividends Payable 1,484
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,517
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 632,240
 Regular shares 1,576,733
 All Other Shares & Deposits 113,657
  TOTAL SHARES & DEPOSITS 2,322,630
  TOTAL LIABILITIES 2,325,631
 Regular Reserve 54,344
 Other Reserves 0
 Undivided Earnings 135,400
  TOTAL EQUITY 189,744
  TOTAL LIABILITIES, SHARES, & EQUITY 2,515,375
INCOME & EXPENSE  
 Loan Income 50,978
 Investment Income 2,859
 Other Income 8,566
 Total Employee Compensation & Benefits 32,604
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 40,339
 Non-operating Income & (Expense) 27,410
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,350
 Cost of Funds 5,171
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 7,349
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