Dec, 31, 2023 — MNCPPC FEDERAL CREDIT UNION is a federal credit union headquartered in COLLEGE PARK, MD with 2 branch locations and about $14.79 million in total assets. Opened 56 years ago in 1968, MNCPPC FEDERAL CREDIT UNION has about 1,810 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: | 1,810 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18948 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,793,604 |
| CEO/Manager: | Becky L Scott |
| Chairperson: | Jennifer McDonald |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 484,435 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,364,638 |
| Unsecured Loans | 2,233,119 |
| Other Loans | 5,208,897 |
| TOTAL LOANS | 8,806,654 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -199,966 |
| Land And Building | 0 |
| Other Fixed Assets | 1,678 |
| NCUSIF Deposit | 135,154 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,793,604 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 15,517 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 430,131 |
| Regular shares | 11,426,582 |
| All Other Shares & Deposits | 906,651 |
| TOTAL SHARES & DEPOSITS | 12,763,363 |
| TOTAL LIABILITIES | 12,839,286 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,954,318 |
| TOTAL EQUITY | 1,954,318 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,793,604 |
| INCOME & EXPENSE | |
| Loan Income | 395,885 |
| Investment Income | 161,167 |
| Other Income | 29,762 |
| Total Employee Compensation & Benefits | 236,153 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 202,869 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,966 |
| Cost of Funds | 53,052 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -105,226 |
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