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M. C. T. FEDERAL CREDIT UNION

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.


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: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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
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