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MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION

Mar, 31, 2022 — MACHINISTS - BOILERMAKERS FEDERAL CREDIT UNION is a federal credit union headquartered in GLADSTONE, OR with 1 branch location and about $4.66 million in total assets. Opened 61 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:http://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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$4,659,263
CEO/Manager:Angela M Elsen-Sass
Chairperson:Robert Petroff

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 894,878
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 179,253
 Other Loans 2,718,648
 TOTAL LOANS 2,897,901
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -30,395
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 41,582
 All Other Assets 0
  TOTAL ASSETS 4,659,263
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,453
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 477,292
 Regular shares 3,640,418
 All Other Shares & Deposits 129,499
  TOTAL SHARES & DEPOSITS 4,247,209
  TOTAL LIABILITIES 4,248,662
 Regular Reserve 0
 Other Reserves 105,913
 Undivided Earnings 304,688
  TOTAL EQUITY 410,601
  TOTAL LIABILITIES, SHARES, & EQUITY 4,659,263
INCOME & EXPENSE  
 Loan Income 45,818
 Investment Income 1,163
 Other Income 5,926
 Total Employee Compensation & Benefits 29,542
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,298
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 776
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,540
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