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MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION

Jun, 30, 2021 — MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in Gladstone, OR with 1 branch location and about $4.65 million in total assets. Opened 60 years ago in 1961, MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION has about 632 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:632
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:$4,654,367
CEO/Manager:Angela M Elsen-Sass
Chairperson:Robert Petroff

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,066,999
TOTAL INVESTMENTS 558,624
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 191,682
 Other Loans 2,808,880
 TOTAL LOANS 3,000,562
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -31,481
 Land And Building 0
 Other Fixed Assets 635
 NCUSIF Deposit 41,582
 All Other Assets 17,446
  TOTAL ASSETS 4,654,367
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,041
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 503,270
 Regular shares 3,609,659
 All Other Shares & Deposits 154,886
  TOTAL SHARES & DEPOSITS 4,267,815
  TOTAL LIABILITIES 4,279,856
 Regular Reserve 105,913
 Other Reserves 0
 Undivided Earnings 268,598
  TOTAL EQUITY 374,511
  TOTAL LIABILITIES, SHARES, & EQUITY 4,654,367
INCOME & EXPENSE  
 Loan Income 94,970
 Investment Income 686
 Other Income 6,453
 Total Employee Compensation & Benefits 60,369
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 38,884
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,647
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,685
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