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

Mar, 31, 2021 — MASTERS, MATES & PILOTS (MM&P) FEDERAL CREDIT UNION is a federal credit union headquartered in Linthicum, MD with 0 branch location and about $2.86 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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,861,115
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 914,146
TOTAL INVESTMENTS 454,699
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 170,026
 Other Loans 1,256,205
 TOTAL LOANS 1,426,231
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -11,209
 Land And Building 0
 Other Fixed Assets 18
 NCUSIF Deposit 23,226
 All Other Assets 54,004
  TOTAL ASSETS 2,861,115
LIABILITIES & CAPITAL:  
 Dividends Payable 1,347
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,424
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 852,063
 Regular shares 1,700,562
 All Other Shares & Deposits 113,951
  TOTAL SHARES & DEPOSITS 2,666,576
  TOTAL LIABILITIES 2,669,347
 Regular Reserve 54,344
 Other Reserves 0
 Undivided Earnings 137,424
  TOTAL EQUITY 191,768
  TOTAL LIABILITIES, SHARES, & EQUITY 2,861,115
INCOME & EXPENSE  
 Loan Income 13,780
 Investment Income 324
 Other Income 1,030
 Total Employee Compensation & Benefits 7,761
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,230
 Non-operating Income & (Expense) 5,983
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,200
 Cost of Funds 1,168
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,025
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