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National Credit Union Service Organization

M. C. T. FEDERAL CREDIT UNION

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.


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:3,491
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, 2019
FHLB Member:No
Low Income Designation:No
Assets:$62,196,741
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 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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