Dec, 31, 2023 — MOUNTAIN LAUREL FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT MARYS, PA with 7 branch locations and about $153.25 million in total assets. Opened 54 years ago in 1970, MOUNTAIN LAUREL FEDERAL CREDIT UNION has about 18,624 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOUNTAIN LAUREL FEDERAL CREDIT UNION |
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Address: (Main Office) | 413 S Michael St SAINT MARYS, PA 15857 |
Phone: | (814) 834-9518 |
Fax: | (814) 781-1646 |
Website: | https://www.mlfcu.net |
Branches: | 7 branch locations |
Members: | 18,624 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20053 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Sep 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $153,245,204 |
CEO/Manager: | Rena Sennett |
Chairperson: | Daniel D Jones |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,970,155 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,031,603 |
Unsecured Loans | 12,080,012 |
Other Loans | 47,668,848 |
TOTAL LOANS | 80,780,463 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -478,141 |
Land And Building | 951,299 |
Other Fixed Assets | 56,589 |
NCUSIF Deposit | 1,320,126 |
All Other Assets | 0 |
TOTAL ASSETS | 153,245,204 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 146,691 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 377,056 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,135,503 |
Regular shares | 93,259,670 |
All Other Shares & Deposits | 11,027,092 |
TOTAL SHARES & DEPOSITS | 128,422,265 |
TOTAL LIABILITIES | 128,946,012 |
Regular Reserve | 0 |
Other Reserves | 2,798,428 |
Undivided Earnings | 21,500,764 |
TOTAL EQUITY | 24,299,192 |
TOTAL LIABILITIES, SHARES, & EQUITY | 153,245,204 |
INCOME & EXPENSE | |
Loan Income | 3,864,698 |
Investment Income | 2,378,939 |
Other Income | 581,562 |
Total Employee Compensation & Benefits | 1,894,299 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,082,859 |
Non-operating Income & (Expense) | -1 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,676 |
Cost of Funds | 404,205 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,278,675 |
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