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MAUMEE EDUCATORS FEDERAL CREDIT UNION

Mar, 31, 2021 — MAUMEE EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in MAUMEE, OH with 1 branch location and about $1.98 million in total assets. Opened 58 years ago in 1963, MAUMEE EDUCATORS FEDERAL CREDIT UNION has about 306 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 SCHOOLS SERVICE
MAUMEE, OH 43537-2877
Phone:(419) 720-3150
Fax:(419) 891-5369
Website:http://www.maumeeeducators.com
Branches:1 branch locations
Members:306
Credit Union Type:Federal Credit Union
Charter Number:15390
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1963
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,978,843
CEO/Manager:Lawrence D Lines
Chairperson:Jennifer Ripmaster

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 515,770
TOTAL INVESTMENTS 533,244
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 187,439
 Other Loans 734,246
 TOTAL LOANS 921,685
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -15,901
 Land And Building 0
 Other Fixed Assets 1,239
 NCUSIF Deposit 15,416
 All Other Assets 7,390
  TOTAL ASSETS 1,978,843
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,735
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,595,314
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,595,314
  TOTAL LIABILITIES 1,599,049
 Regular Reserve 14,437
 Other Reserves 0
 Undivided Earnings 365,357
  TOTAL EQUITY 379,794
  TOTAL LIABILITIES, SHARES, & EQUITY 1,978,843
INCOME & EXPENSE  
 Loan Income 11,043
 Investment Income 2,725
 Other Income 0
 Total Employee Compensation & Benefits 7,948
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,370
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 750
 Cost of Funds 952
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,252
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