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M G EMPLOYEES FEDERAL CREDIT UNION

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

Call Report

Financial Summary

» See also Statement of Financial Condition
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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