Jun, 30, 2024 — MCKESSON FEDERAL CREDIT UNION is a federal credit union headquartered in STRATFORD, CT with 3 branch locations and about $31.73 million in total assets. Opened 88 years ago in 1936, MCKESSON FEDERAL CREDIT UNION has about 2,708 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 |
|---|---|
| Address: (Main Office) | 97 Honeyspot Rd STRATFORD, CT 06615-6402 |
| Phone: | (203) 381-9492 |
| Fax: | (203) 375-2186 |
| Website: | https://www.mckessonfcu.org |
| Branches: | 3 branch locations |
| Members: | 2,708 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1706 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $31,725,792 |
| CEO/Manager: | Gary M Hultgren |
| Chairperson: | Leo H Dorsey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,374,400 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,308,566 |
| Unsecured Loans | 552,741 |
| Other Loans | 2,389,006 |
| TOTAL LOANS | 7,250,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -44,423 |
| Land And Building | 65,000 |
| Other Fixed Assets | 2,721 |
| NCUSIF Deposit | 268,358 |
| All Other Assets | 0 |
| TOTAL ASSETS | 31,725,792 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,531 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45,798 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,746,051 |
| Regular shares | 13,762,159 |
| All Other Shares & Deposits | 13,203,459 |
| TOTAL SHARES & DEPOSITS | 28,711,669 |
| TOTAL LIABILITIES | 28,764,998 |
| Regular Reserve | 0 |
| Other Reserves | 391,284 |
| Undivided Earnings | 2,569,510 |
| TOTAL EQUITY | 2,960,794 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 31,725,792 |
| INCOME & EXPENSE | |
| Loan Income | 218,650 |
| Investment Income | 207,560 |
| Other Income | 75,510 |
| Total Employee Compensation & Benefits | 274,568 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 196,151 |
| Non-operating Income & (Expense) | 271,747 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 48,882 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 269,547 |
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