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MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION

Jun, 30, 2023 — 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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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