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MCKESSON FEDERAL CREDIT UNION

Sep, 30, 2021 — MCKESSON FEDERAL CREDIT UNION is a federal credit union headquartered in STRATFORD, CT with 3 branch locations and about $30.87 million in total assets. Opened 86 years ago in 1936, MCKESSON FEDERAL CREDIT UNION has about 2,842 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.


ABA Routing Number: 221182804
Name:MCKESSON FEDERAL CREDIT UNION
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:2,842
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$30,872,533
CEO/Manager:Gary M Hultgren
Chairperson:Leo H Dorsey

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,257,277
TOTAL INVESTMENTS 15,900,000
Loans Held for Sale 0
 
 Real Estate Loans 4,571,095
 Unsecured Loans 627,785
 Other Loans 2,627,632
 TOTAL LOANS 7,826,512
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -55,442
 Land And Building 65,000
 Other Fixed Assets 8,474
 NCUSIF Deposit 252,630
 All Other Assets 618,082
  TOTAL ASSETS 30,872,533
LIABILITIES & CAPITAL:  
 Dividends Payable 8,014
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 52,142
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,915,421
 Regular shares 13,286,341
 All Other Shares & Deposits 12,924,644
  TOTAL SHARES & DEPOSITS 28,126,406
  TOTAL LIABILITIES 28,186,562
 Regular Reserve 391,284
 Other Reserves 0
 Undivided Earnings 2,294,687
  TOTAL EQUITY 2,685,971
  TOTAL LIABILITIES, SHARES, & EQUITY 30,872,533
INCOME & EXPENSE  
 Loan Income 240,420
 Investment Income 179,277
 Other Income 85,802
 Total Employee Compensation & Benefits 271,068
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 190,990
 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 37,190
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 22,377
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