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M. C. T. FEDERAL CREDIT UNION

Sep, 30, 2021 — M. C. T. FEDERAL CREDIT UNION is a federal credit union headquartered in AMSTERDAM, NY with 1 branch location and about $66.93 million in total assets. Opened 62 years ago in 1960, M. C. T. FEDERAL CREDIT UNION has about 3,399 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:3,399
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:$66,926,800
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 34,432,990
TOTAL INVESTMENTS 23,349,170
Loans Held for Sale 0
 
 Real Estate Loans 3,474,579
 Unsecured Loans 1,040,077
 Other Loans 2,999,745
 TOTAL LOANS 7,514,401
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,993
 Land And Building 951,614
 Other Fixed Assets 32,240
 NCUSIF Deposit 551,609
 All Other Assets 125,769
  TOTAL ASSETS 66,926,800
LIABILITIES & CAPITAL:  
 Dividends Payable 1,222
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 98,634
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 10,232,349
 Regular shares 48,587,153
 All Other Shares & Deposits 1,519,595
  TOTAL SHARES & DEPOSITS 60,339,097
  TOTAL LIABILITIES 60,438,953
 Regular Reserve 990,552
 Other Reserves 0
 Undivided Earnings 5,497,295
  TOTAL EQUITY 6,487,847
  TOTAL LIABILITIES, SHARES, & EQUITY 66,926,800
INCOME & EXPENSE  
 Loan Income 258,142
 Investment Income 385,296
 Other Income 35,440
 Total Employee Compensation & Benefits 362,187
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 305,588
 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 56,343
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 265,512
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