Dec, 31, 2023 — MID-HUDSON VALLEY FEDERAL CREDIT UNION is a federal credit union headquartered in KINGSTON, NY with 13 branch locations and about $1.44 billion in total assets. Opened 61 years ago in 1963, MID-HUDSON VALLEY FEDERAL CREDIT UNION has about 92,952 members and employs 278 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MID-HUDSON VALLEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1099 Morton Blvd KINGSTON, NY 12401 |
| Phone: | (845) 336-4444 |
| Fax: | (845) 336-6925 |
| Website: | https://mhvfcu.com |
| Branches: | 13 branch locations |
| Members: | 92,952 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15766 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,435,506,379 |
| CEO/Manager: | Wayne T Winkler |
| Chairperson: | Gary Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 75,028,479 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 884,522 |
| Real Estate Loans | 498,941,506 |
| Unsecured Loans | 96,797,379 |
| Other Loans | 390,236,737 |
| TOTAL LOANS | 999,405,556 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,984,021 |
| Land And Building | 16,367,683 |
| Other Fixed Assets | 4,892,103 |
| NCUSIF Deposit | 12,283,458 |
| All Other Assets | 386,910 |
| TOTAL ASSETS | 1,435,506,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 613 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 16,499,466 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 299,398,871 |
| Regular shares | 550,596,649 |
| All Other Shares & Deposits | 437,379,127 |
| TOTAL SHARES & DEPOSITS | 1,287,374,647 |
| TOTAL LIABILITIES | 1,313,874,726 |
| Regular Reserve | 0 |
| Other Reserves | -465,566 |
| Undivided Earnings | 122,097,219 |
| TOTAL EQUITY | 121,631,653 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,435,506,379 |
| INCOME & EXPENSE | |
| Loan Income | 50,690,162 |
| Investment Income | 6,909,656 |
| Other Income | 7,934,274 |
| Total Employee Compensation & Benefits | 24,920,651 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,327,510 |
| Non-operating Income & (Expense) | 689,628 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,748,638 |
| Cost of Funds | 9,638,381 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,414,851 |
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