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MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION

Dec, 31, 2023 — MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in HOBART, IN with 1 branch location and about $104.14 million in total assets. Opened 64 years ago in 1960, MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION has about 17,890 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 271991155
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:https://www.mcmfcu.com
Branches:1 branch locations
Members:17,890
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:Sep 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$104,140,584
CEO/Manager:Randy Baldwin
Chairperson:Steve Kozel

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,664,064
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 15,992,466
 Unsecured Loans 3,762,575
 Other Loans 20,560,446
 TOTAL LOANS 40,315,487
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -144,502
 Land And Building 329,907
 Other Fixed Assets 128,816
 NCUSIF Deposit 941,780
 All Other Assets 96,670
  TOTAL ASSETS 104,140,584
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 292,668
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,714,165
 Regular shares 44,072,601
 All Other Shares & Deposits 27,814,106
  TOTAL SHARES & DEPOSITS 97,600,872
  TOTAL LIABILITIES 97,893,540
 Regular Reserve 0
 Other Reserves 3,068,277
 Undivided Earnings 3,178,767
  TOTAL EQUITY 6,247,044
  TOTAL LIABILITIES, SHARES, & EQUITY 104,140,584
INCOME & EXPENSE  
 Loan Income 1,244,328
 Investment Income 394,150
 Other Income 523,574
 Total Employee Compensation & Benefits 1,398,691
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,200,107
 Non-operating Income & (Expense) 193,642
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -31,135
 Cost of Funds 254,452
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -3,562
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