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MCKESSON FEDERAL CREDIT UNION

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.


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:2,813
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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