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MEDINA COUNTY FEDERAL CREDIT UNION

Mar, 31, 2022 — MEDINA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in WADSWORTH, OH with 3 branch locations and about $116.71 million in total assets. Opened 62 years ago in 1960, MEDINA COUNTY FEDERAL CREDIT UNION has about 9,936 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)
1353 Reimer Rd
WADSWORTH, OH 44281
Phone:(330) 334-1023
Fax:(330) 334-5610
Website:http://www.medfed.com
Branches:3 branch locations
Members:9,936
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$116,714,764
CEO/Manager:Pete Grimm
Chairperson:Bud Herrle

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,313,333
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 22,192,770
 Unsecured Loans 1,095,838
 Other Loans 29,778,366
 TOTAL LOANS 54,153,131
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -108,097
 Land And Building 1,589,673
 Other Fixed Assets 223,067
 NCUSIF Deposit 987,809
 All Other Assets 0
  TOTAL ASSETS 116,714,764
LIABILITIES & CAPITAL:  
 Dividends Payable 638
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 329,324
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,514,903
 Regular shares 60,491,607
 All Other Shares & Deposits 22,673,037
  TOTAL SHARES & DEPOSITS 106,679,547
  TOTAL LIABILITIES 107,009,509
 Regular Reserve 0
 Other Reserves -2,116,055
 Undivided Earnings 11,821,310
  TOTAL EQUITY 9,705,255
  TOTAL LIABILITIES, SHARES, & EQUITY 116,714,764
INCOME & EXPENSE  
 Loan Income 430,839
 Investment Income 120,524
 Other Income 128,310
 Total Employee Compensation & Benefits 260,013
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 348,200
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,141
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 176,835
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