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M G EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — M G EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in Marysville, OH with 1 branch location and about $2.48 million in total assets. Opened 47 years ago in 1974, M G EMPLOYEES FEDERAL CREDIT UNION has about 207 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)
PO Box 66
Marysville, OH 43040
Phone:(937) 935-4311
Fax:
Website:n/a
Branches:1 branch locations
Members:207
Credit Union Type:Federal Credit Union
Charter Number:21787
Membership Type:Manufacturing - All Other
Corporate Credit Union:No
Year Opened:1974
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$2,477,722
CEO/Manager:Travis G Franks
Chairperson:Erick V Campbell

Call Report

  • Risk Based Loans

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,167,604
TOTAL INVESTMENTS 52,004
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 8,133
 Other Loans 329,341
 TOTAL LOANS 337,474
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -96,839
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 17,479
 All Other Assets 0
  TOTAL ASSETS 2,477,722
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 165
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,762,028
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,762,028
  TOTAL LIABILITIES 1,762,193
 Regular Reserve 132,140
 Other Reserves 0
 Undivided Earnings 583,389
  TOTAL EQUITY 715,529
  TOTAL LIABILITIES, SHARES, & EQUITY 2,477,722
INCOME & EXPENSE  
 Loan Income 2,554
 Investment Income 17
 Other Income 50
 Total Employee Compensation & Benefits 8,579
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,094
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 38,972
 Cost of Funds 3,485
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -64,509
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