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MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION

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.


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: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

Call Report

  • Commercial Loans
  • Micro Business Loans
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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