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MATERION FEDERAL CREDIT UNION

Jun, 30, 2021 — MATERION FEDERAL CREDIT UNION is a federal credit union headquartered in ELMORE, OH with 1 branch location and about $27.87 million in total assets. Opened 51 years ago in 1970, MATERION FEDERAL CREDIT UNION has about 1,960 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MATERION FEDERAL CREDIT UNION
Address:
(Main Office)
14710 W PORTAGE RIVER SOUTH RD
ELMORE, OH 43416
Phone:(419) 862-4115
Fax:(419) 862-4475
Website:http://www.materionfcu.com
Branches:1 branch locations
Members:1,960
Credit Union Type:Federal Credit Union
Charter Number:20063
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1970
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$27,873,116
CEO/Manager:Tiffany Zinn
Chairperson:Josh Seigley

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,872,585
TOTAL INVESTMENTS 6,977,855
Loans Held for Sale 0
 
 Real Estate Loans 801,104
 Unsecured Loans 1,173,661
 Other Loans 9,946,572
 TOTAL LOANS 14,794,264
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -92,722
 Land And Building 0
 Other Fixed Assets 6,672
 NCUSIF Deposit 213,070
 All Other Assets 101,392
  TOTAL ASSETS 27,873,116
LIABILITIES & CAPITAL:  
 Dividends Payable 74
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 268,911
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,563,981
 Regular shares 8,578,080
 All Other Shares & Deposits 11,462,010
  TOTAL SHARES & DEPOSITS 23,604,071
  TOTAL LIABILITIES 23,873,056
 Regular Reserve 262,837
 Other Reserves 0
 Undivided Earnings 3,737,223
  TOTAL EQUITY 4,000,060
  TOTAL LIABILITIES, SHARES, & EQUITY 27,873,116
INCOME & EXPENSE  
 Loan Income 355,095
 Investment Income 30,404
 Other Income 80,761
 Total Employee Compensation & Benefits 183,135
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 137,189
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -15,000
 Cost of Funds 93,674
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 95,512
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