Jun, 30, 2024 — MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in GLADSTONE, OR with 1 branch location and about $4.62 million in total assets. Opened 63 years ago in 1961, MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION has about 613 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: | 613 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,624,532 |
| CEO/Manager: | Angela M Elsen-Sass |
| Chairperson: | Robert Petroff |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 385,940 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 180,648 |
| Other Loans | 2,787,284 |
| TOTAL LOANS | 2,967,932 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,049 |
| Land And Building | 9,841 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 41,252 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,624,532 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,479 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 480,053 |
| Regular shares | 3,568,585 |
| All Other Shares & Deposits | 143,572 |
| TOTAL SHARES & DEPOSITS | 4,192,210 |
| TOTAL LIABILITIES | 4,202,689 |
| Regular Reserve | 0 |
| Other Reserves | 105,913 |
| Undivided Earnings | 315,930 |
| TOTAL EQUITY | 421,843 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,624,532 |
| INCOME & EXPENSE | |
| Loan Income | 138,617 |
| Investment Income | 8,413 |
| Other Income | 14,924 |
| Total Employee Compensation & Benefits | 97,019 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 56,757 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,000 |
| Cost of Funds | 2,321 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,780 |
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