Dec, 31, 2023 — MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in GLADSTONE, OR with 1 branch location and about $4.39 million in total assets. Opened 63 years ago in 1961, MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION has about 566 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: | 566 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14708 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,394,955 |
| CEO/Manager: | Angela M Elsen-Sass |
| Chairperson: | Robert Petroff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 223,183 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 170,168 |
| Other Loans | 3,395,971 |
| TOTAL LOANS | 3,566,139 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,764 |
| Land And Building | 0 |
| Other Fixed Assets | 8,080 |
| NCUSIF Deposit | 42,004 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,394,955 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -7,865 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 490,511 |
| Regular shares | 3,409,360 |
| All Other Shares & Deposits | 63,642 |
| TOTAL SHARES & DEPOSITS | 3,963,512 |
| TOTAL LIABILITIES | 3,955,647 |
| Regular Reserve | 0 |
| Other Reserves | 105,915 |
| Undivided Earnings | 333,393 |
| TOTAL EQUITY | 439,308 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,394,955 |
| INCOME & EXPENSE | |
| Loan Income | 212,727 |
| Investment Income | 14,476 |
| Other Income | 21,967 |
| Total Employee Compensation & Benefits | 137,565 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 89,386 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,500 |
| Cost of Funds | 3,248 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,193 |
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