Dec, 31, 2021 — M G EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, OH with 1 branch location and about $2.55 million in total assets. Opened 48 years ago in 1974, M G EMPLOYEES FEDERAL CREDIT UNION has about 179 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | M G EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6270 Lima st HUNTSVILLE, OH 43324 |
| Phone: | (937) 935-4311 |
| Fax: | |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 179 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 21787 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1974 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,547,156 |
| CEO/Manager: | Travis G Franks |
| Chairperson: | Erick V Campbell |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,292,043 |
| TOTAL INVESTMENTS | 52,004 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 31,559 |
| Other Loans | 199,028 |
| TOTAL LOANS | 230,587 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,226 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 20,748 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,547,156 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,188 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,813,481 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,813,481 |
| TOTAL LIABILITIES | 1,815,669 |
| Regular Reserve | 132,140 |
| Other Reserves | 0 |
| Undivided Earnings | 599,347 |
| TOTAL EQUITY | 731,487 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,547,156 |
| INCOME & EXPENSE | |
| Loan Income | 26,137 |
| Investment Income | 480 |
| Other Income | 945 |
| Total Employee Compensation & Benefits | 36,007 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,488 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,968 |
| Cost of Funds | 12,272 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -42,237 |
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