Dec, 31, 2021 — M & C MENLO PARK FEDERAL CREDIT UNION is a federal credit union headquartered in ISELIN, NJ with 1 branch location and about $1.49 million in total assets. Opened 55 years ago in 1967, M & C MENLO PARK FEDERAL CREDIT UNION has about 216 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | M & C MENLO PARK FEDERAL CREDIT UNION |
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Address: (Main Office) | c/o BASF Corporation ISELIN, NJ 08830 |
Phone: | (732) 205-5199 |
Fax: | (732) 205-6857 |
Website: | http://www.mcmenlopark.com |
Branches: | 1 branch locations |
Members: | 216 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 17865 |
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Membership Type: | Manufacturing - Chemicals |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,492,962 |
CEO/Manager: | Kimberly S Maycott |
Chairperson: | Cora D Wright |
ASSETS: | $ Amount |
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Cash & Equivalents | 193,582 |
TOTAL INVESTMENTS | 598,403 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 277,389 |
Other Loans | 398,358 |
TOTAL LOANS | 675,747 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,093 |
Land And Building | 0 |
Other Fixed Assets | 69 |
NCUSIF Deposit | 16,067 |
All Other Assets | 26,187 |
TOTAL ASSETS | 1,492,962 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 795 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,171 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,274,021 |
All Other Shares & Deposits | 59,310 |
TOTAL SHARES & DEPOSITS | 1,333,331 |
TOTAL LIABILITIES | 1,340,297 |
Regular Reserve | 47,703 |
Other Reserves | 0 |
Undivided Earnings | 104,962 |
TOTAL EQUITY | 152,665 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,492,962 |
INCOME & EXPENSE | |
Loan Income | 38,945 |
Investment Income | 12,088 |
Other Income | 2,540 |
Total Employee Compensation & Benefits | 34,090 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,307 |
Non-operating Income & (Expense) | 18,045 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 200 |
Cost of Funds | 2,807 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,826 |
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