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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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