Dec, 31, 2020 — M. C. T. FEDERAL CREDIT UNION is a federal credit union headquartered in AMSTERDAM, NY with 1 branch location and about $62.20 million in total assets. Opened 61 years ago in 1960, M. C. T. FEDERAL CREDIT UNION has about 3,491 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 |
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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: | 3,491 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13766 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $62,196,741 |
CEO/Manager: | PATTY MACEK |
Chairperson: | STUART PALCZAK |
ASSETS: | $ Amount |
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Cash & Equivalents | 25,091,074 |
TOTAL INVESTMENTS | 27,810,170 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,338,177 |
Unsecured Loans | 1,238,655 |
Other Loans | 3,608,076 |
TOTAL LOANS | 8,184,908 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,677 |
Land And Building | 435,164 |
Other Fixed Assets | 41,111 |
NCUSIF Deposit | 539,034 |
All Other Assets | 136,957 |
TOTAL ASSETS | 62,196,741 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 961 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 101,903 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,723,044 |
Regular shares | 44,949,596 |
All Other Shares & Deposits | 1,198,902 |
TOTAL SHARES & DEPOSITS | 55,871,542 |
TOTAL LIABILITIES | 55,974,406 |
Regular Reserve | 990,552 |
Other Reserves | 0 |
Undivided Earnings | 5,231,783 |
TOTAL EQUITY | 6,222,335 |
TOTAL LIABILITIES, SHARES, & EQUITY | 62,196,741 |
INCOME & EXPENSE | |
Loan Income | 396,252 |
Investment Income | 761,720 |
Other Income | 123,283 |
Total Employee Compensation & Benefits | 472,487 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 358,414 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 67,351 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 383,003 |
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