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M. C. T. FEDERAL CREDIT UNION

Mar, 31, 2022 — M. C. T. FEDERAL CREDIT UNION is a federal credit union headquartered in AMSTERDAM, NY with 1 branch location and about $68.51 million in total assets. Opened 62 years ago in 1960, M. C. T. FEDERAL CREDIT UNION has about 3,384 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:3,384
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:$68,506,719
CEO/Manager:PATTY MACEK
Chairperson:STUART PALCZAK

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 33,183,703
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,311,471
 Unsecured Loans 1,023,381
 Other Loans 2,750,955
 TOTAL LOANS 7,085,807
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -26,954
 Land And Building 956,791
 Other Fixed Assets 24,587
 NCUSIF Deposit 602,906
 All Other Assets 0
  TOTAL ASSETS 68,506,719
LIABILITIES & CAPITAL:  
 Dividends Payable 1,356
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 115,061
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,691,307
 Regular shares 49,495,832
 All Other Shares & Deposits 1,746,554
  TOTAL SHARES & DEPOSITS 61,933,693
  TOTAL LIABILITIES 62,050,110
 Regular Reserve 0
 Other Reserves 990,552
 Undivided Earnings 5,466,057
  TOTAL EQUITY 6,456,609
  TOTAL LIABILITIES, SHARES, & EQUITY 68,506,719
INCOME & EXPENSE  
 Loan Income 78,405
 Investment Income 93,435
 Other Income 12,972
 Total Employee Compensation & Benefits 122,049
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 114,474
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 19,363
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,601
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