Sep, 30, 2025 — MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in GLADSTONE, OR with 1 branch location and about $3.97 million in total assets. Opened 65 years ago in 1961, MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION has about 490 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 25 Cornell Ave GLADSTONE, OR 97027 |
| Phone: | (503) 210-2477 |
| Fax: | (503) 210-2479 |
| Website: | https://www.mbfcu.com |
| Branches: | 1 branch locations |
| Members: | 490 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14708 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jul 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $3,971,508 |
| CEO/Manager: | Angela M Elsen-Sass |
| Chairperson: | Robert Petroff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 619,071 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 203,326 |
| Other Loans | 2,852,801 |
| TOTAL LOANS | 3,056,128 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,327 |
| Land And Building | 0 |
| Other Fixed Assets | 5,615 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 34,261 |
| All Other Assets | 0 |
| TOTAL ASSETS | 3,971,508 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -39,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 596,388 |
| Regular shares | 2,887,466 |
| All Other Shares & Deposits | 97,862 |
| TOTAL SHARES & DEPOSITS | 3,581,716 |
| TOTAL LIABILITIES | 3,541,966 |
| Regular Reserve | 0 |
| Other Reserves | 105,913 |
| Undivided Earnings | 323,629 |
| TOTAL EQUITY | 429,542 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,971,508 |
| INCOME & EXPENSE | |
| Loan Income | 153,137 |
| Investment Income | 16,707 |
| Other Income | 16,999 |
| Total Employee Compensation & Benefits | 114,240 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 64,256 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,895 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,206 |
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