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 |
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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 |
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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 |
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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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