Dec, 31, 2022 — M. C. T. FEDERAL CREDIT UNION is a federal credit union headquartered in AMSTERDAM, NY with 1 branch location and about $69.12 million in total assets. Opened 63 years ago in 1960, M. C. T. FEDERAL CREDIT UNION has about 3,334 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) | 39 MARKET ST AMSTERDAM, NY 12010 |
Phone: | (518) 842-1840 |
Fax: | (518) 842-3955 |
Website: | https://mct-fcu.org |
Branches: | 1 branch locations |
Members: | 3,334 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $69,118,738 |
CEO/Manager: | PATTY MACEK |
Chairperson: | STUART PALCZAK |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 24,841,871 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,481,814 |
Unsecured Loans | 1,040,895 |
Other Loans | 3,347,891 |
TOTAL LOANS | 7,870,600 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,410 |
Land And Building | 1,203,618 |
Other Fixed Assets | 22,474 |
NCUSIF Deposit | 603,334 |
All Other Assets | 0 |
TOTAL ASSETS | 69,118,738 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,499 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 92,540 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,447,861 |
Regular shares | 50,322,213 |
All Other Shares & Deposits | 1,701,323 |
TOTAL SHARES & DEPOSITS | 62,471,397 |
TOTAL LIABILITIES | 62,565,436 |
Regular Reserve | 0 |
Other Reserves | 990,553 |
Undivided Earnings | 5,562,749 |
TOTAL EQUITY | 6,553,302 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,118,738 |
INCOME & EXPENSE | |
Loan Income | 234,381 |
Investment Income | 475,235 |
Other Income | 39,570 |
Total Employee Compensation & Benefits | 375,614 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 330,022 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 60,156 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 106,293 |
↑ Back to Top |