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MANCHESTER MUNICIPAL FEDERAL CREDIT UNION

Mar, 31, 2021 — MANCHESTER MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in MANCHESTER, CT with 1 branch location and about $29.79 million in total assets. Opened 61 years ago in 1960, MANCHESTER MUNICIPAL FEDERAL CREDIT UNION has about 1,981 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:1,981
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:$29,785,439
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 3,441,925
TOTAL INVESTMENTS 8,828,907
Loans Held for Sale 0
 
 Real Estate Loans 4,674,062
 Unsecured Loans 5,320,955
 Other Loans 6,721,005
 TOTAL LOANS 16,716,022
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -125,904
 Land And Building 0
 Other Fixed Assets 15,005
 NCUSIF Deposit 253,084
 All Other Assets 656,400
  TOTAL ASSETS 29,785,439
LIABILITIES & CAPITAL:  
 Dividends Payable 11,256
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 56,758
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,351,916
 Regular shares 15,967,212
 All Other Shares & Deposits 7,835,896
  TOTAL SHARES & DEPOSITS 27,155,024
  TOTAL LIABILITIES 27,223,038
 Regular Reserve 202,593
 Other Reserves 0
 Undivided Earnings 2,359,808
  TOTAL EQUITY 2,562,401
  TOTAL LIABILITIES, SHARES, & EQUITY 29,785,439
INCOME & EXPENSE  
 Loan Income 196,716
 Investment Income 40,422
 Other Income 19,377
 Total Employee Compensation & Benefits 101,184
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 76,992
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 14,042
 Cost of Funds 32,499
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 34,196
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