Sep, 30, 2025 — M. C. T. FEDERAL CREDIT UNION is a federal credit union headquartered in AMSTERDAM, NY with 1 branch location and about $69.41 million in total assets. Opened 66 years ago in 1960, M. C. T. FEDERAL CREDIT UNION has about 2,763 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | M. C. T. FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4883 State Highway 30 AMSTERDAM, NY 12010 |
| Phone: | (518) 842-1840 |
| Fax: | (518) 842-3955 |
| Website: | https://www.mct-fcu.org |
| Branches: | 1 branch locations |
| Members: | 2,763 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13766 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $69,410,481 |
| CEO/Manager: | PATTY MACEK |
| Chairperson: | STUART PALCZAK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,474,671 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,291,221 |
| Unsecured Loans | 1,056,593 |
| Other Loans | 4,372,001 |
| TOTAL LOANS | 8,719,815 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,826 |
| Land And Building | 862,392 |
| Other Fixed Assets | 114,859 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 559,105 |
| All Other Assets | 0 |
| TOTAL ASSETS | 69,410,481 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,050 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 57,594 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,861,948 |
| Regular shares | 44,356,965 |
| All Other Shares & Deposits | 3,903,781 |
| TOTAL SHARES & DEPOSITS | 59,122,694 |
| TOTAL LIABILITIES | 59,187,338 |
| Regular Reserve | 0 |
| Other Reserves | 990,552 |
| Undivided Earnings | 9,232,591 |
| TOTAL EQUITY | 10,223,143 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 69,410,481 |
| INCOME & EXPENSE | |
| Loan Income | 370,069 |
| Investment Income | 1,588,354 |
| Other Income | 42,870 |
| Total Employee Compensation & Benefits | 418,510 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 376,002 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
| Cost of Funds | 159,531 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,099,666 |
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