Jun, 30, 2023 — MEDINA COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in WADSWORTH, OH with 3 branch locations and about $117.51 million in total assets. Opened 63 years ago in 1960, MEDINA COUNTY FEDERAL CREDIT UNION has about 10,140 members and employs 22 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: | https://www.medfed.com |
| Branches: | 3 branch locations |
| Members: | 10,140 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $117,512,434 |
| CEO/Manager: | Pete Grimm |
| Chairperson: | Bud Herrle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,893,267 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,875,585 |
| Unsecured Loans | 1,193,083 |
| Other Loans | 36,984,121 |
| TOTAL LOANS | 62,358,232 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -106,157 |
| Land And Building | 1,553,477 |
| Other Fixed Assets | 235,563 |
| NCUSIF Deposit | 1,080,657 |
| All Other Assets | 0 |
| TOTAL ASSETS | 117,512,434 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 392 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 299,115 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,690,115 |
| Regular shares | 63,522,463 |
| All Other Shares & Deposits | 23,376,629 |
| TOTAL SHARES & DEPOSITS | 109,589,207 |
| TOTAL LIABILITIES | 109,888,714 |
| Regular Reserve | 0 |
| Other Reserves | -4,649,943 |
| Undivided Earnings | 12,273,663 |
| TOTAL EQUITY | 7,623,720 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 117,512,434 |
| INCOME & EXPENSE | |
| Loan Income | 1,397,269 |
| Investment Income | 437,377 |
| Other Income | 411,571 |
| Total Employee Compensation & Benefits | 810,654 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,119,043 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,303 |
| Cost of Funds | 65,875 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 629,188 |
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