Dec, 31, 2023 — MEAD COATED BOARD FEDERAL CREDIT UNION is a federal credit union headquartered in PITTSVIEW, AL with 1 branch location and about $49.05 million in total assets. Opened 57 years ago in 1967, MEAD COATED BOARD FEDERAL CREDIT UNION has about 1,515 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEAD COATED BOARD FEDERAL CREDIT UNION |
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Address: (Main Office) | 1705 Highway 165 PITTSVIEW, AL 36871 |
Phone: | (334) 232-4036 |
Fax: | (334) 232-5177 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,515 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18192 |
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Membership Type: | Manufacturing - All Other |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,052,857 |
CEO/Manager: | Mary L Shaw |
Chairperson: | David G Bush |
ASSETS: | $ Amount |
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Cash & Equivalents | 956,830 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,869,588 |
Unsecured Loans | 1,301,436 |
Other Loans | 5,869,068 |
TOTAL LOANS | 9,040,092 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -394,348 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 438,218 |
All Other Assets | 0 |
TOTAL ASSETS | 49,052,857 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,977 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 25,147,188 |
All Other Shares & Deposits | 15,006,858 |
TOTAL SHARES & DEPOSITS | 40,154,046 |
TOTAL LIABILITIES | 40,174,023 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 8,878,834 |
TOTAL EQUITY | 8,878,834 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,052,857 |
INCOME & EXPENSE | |
Loan Income | 574,642 |
Investment Income | 610,461 |
Other Income | 22,807 |
Total Employee Compensation & Benefits | 275,255 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 151,658 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 665,341 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 24,519 |
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