Dec, 31, 2021 — MCKESSON FEDERAL CREDIT UNION is a federal credit union headquartered in STRATFORD, CT with 3 branch locations and about $30.69 million in total assets. Opened 86 years ago in 1936, MCKESSON FEDERAL CREDIT UNION has about 2,813 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MCKESSON FEDERAL CREDIT UNION |
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Address: (Main Office) | 97 Honeyspot Rd STRATFORD, CT 06615-6402 |
Phone: | (203) 381-9492 |
Fax: | (203) 375-2186 |
Website: | http://www.mckessonfcu.org |
Branches: | 3 branch locations |
Members: | 2,813 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 1706 |
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Membership Type: | Multiple common bond - Primarily other manufacturing |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $30,692,702 |
CEO/Manager: | Gary M Hultgren |
Chairperson: | Leo H Dorsey |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,323,451 |
TOTAL INVESTMENTS | 15,912,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,387,266 |
Unsecured Loans | 614,477 |
Other Loans | 2,558,368 |
TOTAL LOANS | 7,560,111 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -43,317 |
Land And Building | 65,000 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 252,630 |
All Other Assets | 622,827 |
TOTAL ASSETS | 30,692,702 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8,019 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 52,919 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,803,690 |
Regular shares | 13,288,356 |
All Other Shares & Deposits | 12,848,468 |
TOTAL SHARES & DEPOSITS | 27,940,514 |
TOTAL LIABILITIES | 28,001,452 |
Regular Reserve | 391,284 |
Other Reserves | 0 |
Undivided Earnings | 2,299,966 |
TOTAL EQUITY | 2,691,250 |
TOTAL LIABILITIES, SHARES, & EQUITY | 30,692,702 |
INCOME & EXPENSE | |
Loan Income | 317,745 |
Investment Income | 231,707 |
Other Income | 115,657 |
Total Employee Compensation & Benefits | 358,954 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 254,837 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,819 |
Cost of Funds | 48,232 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 27,656 |
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