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M G EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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