MUNSEETOWN COMMUNITY FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Jun, 30, 2024 — MUNSEETOWN COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 1 branch location and about $11.14 million in total assets. Opened 62 years ago in 1963, MUNSEETOWN COMMUNITY FEDERAL CREDIT UNION has about 1,449 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUNSEETOWN COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1805 N ELM ST MUNCIE, IN 47303-2104 |
| Phone: | (765) 282-2236 |
| Fax: | (765) 286-8173 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,449 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15738 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $11,141,768 |
| CEO/Manager: | Greta G Cope |
| Chairperson: | Timothy M Scarberry |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,678,061 |
| TOTAL INVESTMENTS | 6,094,793 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 329,569 |
| Other Loans | 2,930,691 |
| TOTAL LOANS | 3,260,260 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,349 |
| Land And Building | 5,708 |
| Other Fixed Assets | 701 |
| NCUSIF Deposit | 98,363 |
| All Other Assets | 9,231 |
| TOTAL ASSETS | 11,141,768 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,061 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,226,056 |
| Regular shares | 7,614,407 |
| All Other Shares & Deposits | 1,480,779 |
| TOTAL SHARES & DEPOSITS | 10,321,242 |
| TOTAL LIABILITIES | 10,330,303 |
| Regular Reserve | 360,520 |
| Other Reserves | 0 |
| Undivided Earnings | 450,945 |
| TOTAL EQUITY | 811,465 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 11,141,768 |
| INCOME & EXPENSE | |
| Loan Income | 34,620 |
| Investment Income | 14,453 |
| Other Income | 2,823 |
| Total Employee Compensation & Benefits | 67,059 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 40,235 |
| Non-operating Income & (Expense) | 13,542 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 3,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -30,840 |
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