Jun, 30, 2024 — MNCPPC FEDERAL CREDIT UNION is a federal credit union headquartered in COLLEGE PARK, MD with 2 branch locations and about $15.69 million in total assets. Opened 57 years ago in 1968, MNCPPC FEDERAL CREDIT UNION has about 1,830 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MNCPPC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5211 Campus Way Suite A COLLEGE PARK, MD 20740 |
| Phone: | (301) 277-8633 |
| Fax: | (301) 277-8634 |
| Website: | https://www.mncppcfcu.com |
| Branches: | 2 branch locations |
| Members: | 1,830 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18948 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Apr 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,685,349 |
| CEO/Manager: | Becky L Scott |
| Chairperson: | John F Lazzari |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,782,776 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,205,748 |
| Unsecured Loans | 2,199,812 |
| Other Loans | 3,043,848 |
| TOTAL LOANS | 6,449,408 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -119,436 |
| Land And Building | 0 |
| Other Fixed Assets | 6,575 |
| NCUSIF Deposit | 130,629 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,685,349 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,379 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 256,338 |
| Regular shares | 12,575,981 |
| All Other Shares & Deposits | 870,348 |
| TOTAL SHARES & DEPOSITS | 13,702,667 |
| TOTAL LIABILITIES | 13,750,046 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,935,303 |
| TOTAL EQUITY | 1,935,303 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,685,349 |
| INCOME & EXPENSE | |
| Loan Income | 235,740 |
| Investment Income | 50,693 |
| Other Income | 7,694 |
| Total Employee Compensation & Benefits | 158,096 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 124,243 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,240 |
| Cost of Funds | 20,314 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -21,547 |
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