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MEAD COATED BOARD FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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