Mar, 31, 2021 — MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in HOBART, IN with 1 branch location and about $106.24 million in total assets. Opened 61 years ago in 1960, MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION has about 19,405 members and employs 28 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 |
|---|---|
| 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: | 19,405 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13959 |
|---|---|
| Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $106,235,704 |
| CEO/Manager: | William Lowry |
| Chairperson: | Steve Kozel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,996,880 |
| TOTAL INVESTMENTS | 38,898,903 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,107,977 |
| Unsecured Loans | 3,959,894 |
| Other Loans | 20,822,818 |
| TOTAL LOANS | 40,890,689 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -348,439 |
| Land And Building | 333,000 |
| Other Fixed Assets | 115,519 |
| NCUSIF Deposit | 906,066 |
| All Other Assets | 443,086 |
| TOTAL ASSETS | 106,235,704 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,788,194 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,047,691 |
| Regular shares | 26,869,659 |
| All Other Shares & Deposits | 27,402,362 |
| TOTAL SHARES & DEPOSITS | 96,319,712 |
| TOTAL LIABILITIES | 100,107,906 |
| Regular Reserve | 3,058,632 |
| Other Reserves | 0 |
| Undivided Earnings | 3,069,166 |
| TOTAL EQUITY | 6,127,798 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 106,235,704 |
| INCOME & EXPENSE | |
| Loan Income | 456,462 |
| Investment Income | 104,632 |
| Other Income | 266,397 |
| Total Employee Compensation & Benefits | 350,130 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 561,800 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,395 |
| Cost of Funds | 123,269 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -227,103 |
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