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MAUMEE EDUCATORS FEDERAL CREDIT UNION

Jun, 30, 2021 — MAUMEE EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in MAUMEE, OH with 1 branch location and about $1.90 million in total assets. Opened 58 years ago in 1963, MAUMEE EDUCATORS FEDERAL CREDIT UNION has about 302 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:302
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:$1,902,388
CEO/Manager:Lawrence D Lines
Chairperson:Jennifer Ripmaster

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 327,924
TOTAL INVESTMENTS 533,244
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 210,246
 Other Loans 827,359
 TOTAL LOANS 1,037,605
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,751
 Land And Building 0
 Other Fixed Assets 1,123
 NCUSIF Deposit 15,424
 All Other Assets 4,819
  TOTAL ASSETS 1,902,388
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 5,293
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,519,112
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,519,112
  TOTAL LIABILITIES 1,524,405
 Regular Reserve 14,437
 Other Reserves 0
 Undivided Earnings 363,546
  TOTAL EQUITY 377,983
  TOTAL LIABILITIES, SHARES, & EQUITY 1,902,388
INCOME & EXPENSE  
 Loan Income 21,759
 Investment Income 5,077
 Other Income 0
 Total Employee Compensation & Benefits 15,953
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 10,324
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,200
 Cost of Funds 1,933
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,574
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