Dec, 31, 2023 — MEDIA MEMBERS FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 1 branch location and about $58.89 million in total assets. Opened 54 years ago in 1970, MEDIA MEMBERS FEDERAL CREDIT UNION has about 6,792 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEDIA MEMBERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3131 Walnut St PHILADELPHIA, PA 19104-3415 |
| Phone: | (215) 898-8539 |
| Fax: | (215) 573-2163 |
| Website: | https://www.penncu.org |
| Branches: | 1 branch locations |
| Members: | 6,792 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20207 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,892,007 |
| CEO/Manager: | Ken Stone |
| Chairperson: | Earl W Laney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,086,171 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,978,786 |
| Unsecured Loans | 5,890,610 |
| Other Loans | 3,923,566 |
| TOTAL LOANS | 19,792,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -463,413 |
| Land And Building | 0 |
| Other Fixed Assets | 2,602,080 |
| NCUSIF Deposit | 460,413 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,892,007 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,792,964 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,066,678 |
| Regular shares | 28,295,896 |
| All Other Shares & Deposits | 9,794,234 |
| TOTAL SHARES & DEPOSITS | 44,156,808 |
| TOTAL LIABILITIES | 45,949,772 |
| Regular Reserve | 0 |
| Other Reserves | 979,208 |
| Undivided Earnings | 11,963,027 |
| TOTAL EQUITY | 12,942,235 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,892,007 |
| INCOME & EXPENSE | |
| Loan Income | 1,399,343 |
| Investment Income | 659,561 |
| Other Income | 347,399 |
| Total Employee Compensation & Benefits | 978,378 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,363,975 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,072 |
| Cost of Funds | 102,293 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 195,089 |
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