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MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION

Dec, 31, 2020 — MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in Gladstone, OR with 1 branch location and about $4.52 million in total assets. Opened 60 years ago in 1961, MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION has about 634 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:http://www.mbfcu.com
Branches:1 branch locations
Members:634
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$4,521,477
CEO/Manager:Angela M Elsen-Sass
Chairperson:Robert Petroff

Call Report

  • Risk Based Loans
  • Check Cashing

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 923,163
TOTAL INVESTMENTS 458,624
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 213,027
 Other Loans 2,888,581
 TOTAL LOANS 3,101,608
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,767
 Land And Building 0
 Other Fixed Assets 2,970
 NCUSIF Deposit 39,166
 All Other Assets 29,713
  TOTAL ASSETS 4,521,477
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -4,576
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 403,852
 Regular shares 3,625,454
 All Other Shares & Deposits 131,921
  TOTAL SHARES & DEPOSITS 4,161,227
  TOTAL LIABILITIES 4,156,651
 Regular Reserve 105,913
 Other Reserves 0
 Undivided Earnings 258,913
  TOTAL EQUITY 364,826
  TOTAL LIABILITIES, SHARES, & EQUITY 4,521,477
INCOME & EXPENSE  
 Loan Income 196,969
 Investment Income 4,306
 Other Income 30,995
 Total Employee Compensation & Benefits 126,508
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 76,071
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,161
 Cost of Funds 3,097
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 25,433
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