Jun, 30, 2024 — M G EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, OH with 1 branch location and about $2.41 million in total assets. Opened 51 years ago in 1974, M G EMPLOYEES FEDERAL CREDIT UNION has about 172 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: | 172 |
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: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,406,881 |
CEO/Manager: | Travis G Franks |
Chairperson: | Erick V Campbell |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,879,446 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 54,364 |
Other Loans | 232,606 |
TOTAL LOANS | 286,970 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -29,820 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 18,281 |
All Other Assets | 0 |
TOTAL ASSETS | 2,406,881 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,965 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,677,681 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,677,681 |
TOTAL LIABILITIES | 1,682,646 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 724,235 |
TOTAL EQUITY | 724,235 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,406,881 |
INCOME & EXPENSE | |
Loan Income | 15,944 |
Investment Income | 2,190 |
Other Income | 705 |
Total Employee Compensation & Benefits | 27,417 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,599 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -26,575 |
Cost of Funds | 8,791 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -7,393 |
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