Jun, 30, 2024 — MAUMEE EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in MAUMEE, OH with 1 branch location and about $1.81 million in total assets. Opened 62 years ago in 1963, MAUMEE EDUCATORS FEDERAL CREDIT UNION has about 299 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAUMEE EDUCATORS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 950 Cass Rd MAUMEE, OH 43537-2877 |
| Phone: | (419) 720-3150 |
| Fax: | (419) 891-5369 |
| Website: | https://www.maumeeeducators.com |
| Branches: | 1 branch locations |
| Members: | 299 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15390 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,807,892 |
| CEO/Manager: | Lawrence D Lines |
| Chairperson: | Karen Dameron |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 65,267 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 198,200 |
| Other Loans | 650,011 |
| TOTAL LOANS | 848,211 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | 15,726 |
| Land And Building | 0 |
| Other Fixed Assets | 933 |
| NCUSIF Deposit | 15,661 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,807,892 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,178 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,421,793 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,421,793 |
| TOTAL LIABILITIES | 1,426,971 |
| Regular Reserve | 0 |
| Other Reserves | 14,437 |
| Undivided Earnings | 366,484 |
| TOTAL EQUITY | 380,921 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,807,892 |
| INCOME & EXPENSE | |
| Loan Income | 28,600 |
| Investment Income | 7,691 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 24,210 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 12,430 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 600 |
| Cost of Funds | 993 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,942 |
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