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MANCHESTER MUNICIPAL FEDERAL CREDIT UNION

Dec, 31, 2020 — MANCHESTER MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in MANCHESTER, CT with 1 branch location and about $29.14 million in total assets. Opened 61 years ago in 1960, MANCHESTER MUNICIPAL FEDERAL CREDIT UNION has about 1,974 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211177670
Name:MANCHESTER MUNICIPAL FEDERAL CREDIT UNION
Address:
(Main Office)
479 MAIN STR
MANCHESTER, CT 06040-4101
Phone:(860) 649-7922
Fax:(860) 647-7391
Website:http://www.mmfcu.net
Branches:1 branch locations
Members:1,974
Credit Union Type:Federal Credit Union
Charter Number:13602
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$29,142,285
CEO/Manager:Lori J Herrick
Chairperson:David Mauldin

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,828,926
TOTAL INVESTMENTS 9,133,552
Loans Held for Sale 0
 
 Real Estate Loans 4,115,670
 Unsecured Loans 5,336,171
 Other Loans 6,987,032
 TOTAL LOANS 16,438,873
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -113,753
 Land And Building 0
 Other Fixed Assets 17,492
 NCUSIF Deposit 218,549
 All Other Assets 618,646
  TOTAL ASSETS 29,142,285
LIABILITIES & CAPITAL:  
 Dividends Payable 10,851
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 86,499
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,556,757
 Regular shares 14,367,400
 All Other Shares & Deposits 8,592,573
  TOTAL SHARES & DEPOSITS 26,516,730
  TOTAL LIABILITIES 26,614,080
 Regular Reserve 202,593
 Other Reserves 0
 Undivided Earnings 2,325,612
  TOTAL EQUITY 2,528,205
  TOTAL LIABILITIES, SHARES, & EQUITY 29,142,285
INCOME & EXPENSE  
 Loan Income 785,870
 Investment Income 170,079
 Other Income 98,813
 Total Employee Compensation & Benefits 490,394
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 284,295
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,319
 Cost of Funds 187,061
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 87,693
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