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National Credit Union Service Organization

M. C. T. FEDERAL CREDIT UNION

Mar, 31, 2021 — M. C. T. FEDERAL CREDIT UNION is a federal credit union headquartered in AMSTERDAM, NY with 1 branch location and about $66.09 million in total assets. Opened 61 years ago in 1960, M. C. T. FEDERAL CREDIT UNION has about 3,477 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.


ABA Routing Number: 221373422
Name:M. C. T. FEDERAL CREDIT UNION
Address:
(Main Office)
39 MARKET ST
AMSTERDAM, NY 12010
Phone:(518) 842-1840
Fax:(518) 842-3955
Website:http://mct-fcu.org
Branches:1 branch locations
Members:3,477
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$66,085,987
CEO/Manager:PATTY MACEK
Chairperson:STUART PALCZAK

Call Report

  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,086,282
TOTAL INVESTMENTS 25,082,170
Loans Held for Sale 0
 
 Real Estate Loans 3,288,687
 Unsecured Loans 1,141,652
 Other Loans 3,367,038
 TOTAL LOANS 7,797,377
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,993
 Land And Building 432,314
 Other Fixed Assets 37,660
 NCUSIF Deposit 539,034
 All Other Assets 142,143
  TOTAL ASSETS 66,085,987
LIABILITIES & CAPITAL:  
 Dividends Payable 953
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 104,741
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,713,020
 Regular shares 47,769,737
 All Other Shares & Deposits 1,249,707
  TOTAL SHARES & DEPOSITS 59,732,464
  TOTAL LIABILITIES 59,838,158
 Regular Reserve 990,553
 Other Reserves 0
 Undivided Earnings 5,257,276
  TOTAL EQUITY 6,247,829
  TOTAL LIABILITIES, SHARES, & EQUITY 66,085,987
INCOME & EXPENSE  
 Loan Income 91,772
 Investment Income 139,215
 Other Income 10,819
 Total Employee Compensation & Benefits 115,255
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 100,750
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,000
 Cost of Funds 17,828
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,493
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