Dec, 31, 2022 — M & C MENLO PARK FEDERAL CREDIT UNION is a federal credit union headquartered in ISELIN, NJ with 1 branch location and about $1.45 million in total assets. Opened 56 years ago in 1967, M & C MENLO PARK FEDERAL CREDIT UNION has about 200 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 |
|---|---|
| Address: (Main Office) | c/o BASF Corporation ISELIN, NJ 08830 |
| Phone: | (732) 205-5199 |
| Fax: | (732) 205-6857 |
| Website: | https://www.mcmenlopark.com |
| Branches: | 1 branch locations |
| Members: | 200 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 17865 |
|---|---|
| Membership Type: | Manufacturing - Chemicals |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,452,634 |
| CEO/Manager: | Kimberly S Maycott |
| Chairperson: | Cora D Wright |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 201,166 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 245,560 |
| Other Loans | 404,307 |
| TOTAL LOANS | 649,867 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,974 |
| Land And Building | 0 |
| Other Fixed Assets | 51 |
| NCUSIF Deposit | 13,333 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,452,634 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 807 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,208 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,272,296 |
| All Other Shares & Deposits | 20,000 |
| TOTAL SHARES & DEPOSITS | 1,292,296 |
| TOTAL LIABILITIES | 1,297,311 |
| Regular Reserve | 0 |
| Other Reserves | 47,704 |
| Undivided Earnings | 107,619 |
| TOTAL EQUITY | 155,323 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,452,634 |
| INCOME & EXPENSE | |
| Loan Income | 26,465 |
| Investment Income | 7,944 |
| Other Income | 1,886 |
| Total Employee Compensation & Benefits | 25,568 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,507 |
| Non-operating Income & (Expense) | 4,455 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,824 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,657 |
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