Dec, 31, 2020 — MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in HOBART, IN with 1 branch location and about $104.63 million in total assets. Opened 61 years ago in 1960, MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION has about 22,952 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION |
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Address: (Main Office) | 680 N UNION ST HOBART, IN 46342-2589 |
Phone: | (219) 947-1568 |
Fax: | (219) 942-3447 |
Website: | http://www.mcmfcu.com |
Branches: | 1 branch locations |
Members: | 22,952 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13959 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $104,634,460 |
CEO/Manager: | William Lowry |
Chairperson: | Steve Kozel |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,715,774 |
TOTAL INVESTMENTS | 33,527,185 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,646,414 |
Unsecured Loans | 4,330,129 |
Other Loans | 22,731,641 |
TOTAL LOANS | 42,708,184 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -379,388 |
Land And Building | 333,000 |
Other Fixed Assets | 101,299 |
NCUSIF Deposit | 906,066 |
All Other Assets | 722,340 |
TOTAL ASSETS | 104,634,460 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,376,928 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,934,877 |
Regular shares | 41,122,896 |
All Other Shares & Deposits | 27,844,859 |
TOTAL SHARES & DEPOSITS | 94,902,632 |
TOTAL LIABILITIES | 98,279,560 |
Regular Reserve | 3,058,632 |
Other Reserves | 0 |
Undivided Earnings | 3,296,268 |
TOTAL EQUITY | 6,354,900 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,634,460 |
INCOME & EXPENSE | |
Loan Income | 1,980,734 |
Investment Income | 575,934 |
Other Income | 1,011,384 |
Total Employee Compensation & Benefits | 1,365,014 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,761,257 |
Non-operating Income & (Expense) | 5,306 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -18,398 |
Cost of Funds | 611,250 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -145,765 |
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