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MEDINA COUNTY FEDERAL CREDIT UNION

Mar, 31, 2021 — MEDINA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in WADSWORTH, OH with 3 branch locations and about $110.57 million in total assets. Opened 61 years ago in 1960, MEDINA COUNTY FEDERAL CREDIT UNION has about 9,692 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEDINA COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 1010
WADSWORTH, OH 44282
Phone:(330) 334-1023
Fax:(330) 334-5610
Website:http://www.medfed.com
Branches:3 branch locations
Members:9,692
Credit Union Type:Federal Credit Union
Charter Number:13794
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1960
Last Audited:Sep 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$110,571,823
CEO/Manager:Pete Grimm
Chairperson:Bud Herrle

Call Report

  • Commercial Loans
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 18,429,920
TOTAL INVESTMENTS 41,012,897
Loans Held for Sale 0
 
 Real Estate Loans 18,898,898
 Unsecured Loans 1,027,128
 Other Loans 27,071,432
 TOTAL LOANS 47,896,373
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -121,478
 Land And Building 1,658,303
 Other Fixed Assets 254,908
 NCUSIF Deposit 901,434
 All Other Assets 539,466
  TOTAL ASSETS 110,571,823
LIABILITIES & CAPITAL:  
 Dividends Payable 540
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 317,966
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 22,047,857
 Regular shares 55,413,973
 All Other Shares & Deposits 21,474,869
  TOTAL SHARES & DEPOSITS 98,936,699
  TOTAL LIABILITIES 99,255,205
 Regular Reserve 10,000,000
 Other Reserves 164,231
 Undivided Earnings 1,152,387
  TOTAL EQUITY 11,316,618
  TOTAL LIABILITIES, SHARES, & EQUITY 110,571,823
INCOME & EXPENSE  
 Loan Income 407,466
 Investment Income 89,732
 Other Income 101,501
 Total Employee Compensation & Benefits 240,307
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 296,941
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,885
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 140,197
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