Jun, 30, 2024 — MUTUAL FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 2 branch locations and about $126.59 million in total assets. Opened 75 years ago in 1949, MUTUAL FIRST FEDERAL CREDIT UNION has about 12,994 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUTUAL FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 14510 F St OMAHA, NE 68137 |
| Phone: | (402) 697-8200 |
| Fax: | |
| Website: | https://www.mutualfirst.com |
| Branches: | 2 branch locations |
| Members: | 12,994 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24540 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $126,591,527 |
| CEO/Manager: | Kevin R Straub |
| Chairperson: | Lowell Wilhite |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 894,809 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,688,440 |
| Unsecured Loans | 5,823,433 |
| Other Loans | 67,721,726 |
| TOTAL LOANS | 102,284,043 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,152,888 |
| Land And Building | 6,559,759 |
| Other Fixed Assets | 817,230 |
| NCUSIF Deposit | 966,161 |
| All Other Assets | 0 |
| TOTAL ASSETS | 126,591,527 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,819 |
| Notes & Interest Payable | 13,439,100 |
| Accounts Payable & Other Liabilities | 1,568,265 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 33,039,666 |
| Regular shares | 36,267,701 |
| All Other Shares & Deposits | 33,021,744 |
| TOTAL SHARES & DEPOSITS | 102,329,111 |
| TOTAL LIABILITIES | 117,351,295 |
| Regular Reserve | 0 |
| Other Reserves | 5,280,417 |
| Undivided Earnings | 3,959,815 |
| TOTAL EQUITY | 9,240,232 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 126,591,527 |
| INCOME & EXPENSE | |
| Loan Income | 3,477,614 |
| Investment Income | 273,550 |
| Other Income | 637,686 |
| Total Employee Compensation & Benefits | 1,800,009 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,882,533 |
| Non-operating Income & (Expense) | 34,151 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 420,000 |
| Cost of Funds | 428,057 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 372,578 |
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