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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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