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MEADOW GROVE FEDERAL CREDIT UNION

Jun, 30, 2021 — MEADOW GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in MEADOW GROVE, NE with 1 branch location and about $5.21 million in total assets. Opened 37 years ago in 1984, MEADOW GROVE FEDERAL CREDIT UNION has about 479 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 304187331
Name:MEADOW GROVE FEDERAL CREDIT UNION
Address:
(Main Office)
P.O.BOX 108
MEADOW GROVE, NE 68752-0108
Phone:(402) 634-2911
Fax:(402) 634-2192
Website:http://meadowgrovefcu.org
Branches:1 branch locations
Members:479
Credit Union Type:Federal Credit Union
Charter Number:24759
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1984
Last Audited:Feb 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$5,209,594
CEO/Manager:Gini Goracke
Chairperson:Jamie Arens

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 225,599
TOTAL INVESTMENTS 2,992,519
Loans Held for Sale 0
 
 Real Estate Loans 1,104,611
 Unsecured Loans 29,061
 Other Loans 877,787
 TOTAL LOANS 2,011,459
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -96,364
 Land And Building 5,415
 Other Fixed Assets 9,289
 NCUSIF Deposit 39,529
 All Other Assets 22,148
  TOTAL ASSETS 5,209,594
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 10,327
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,400,015
 Regular shares 2,575,325
 All Other Shares & Deposits 477,074
  TOTAL SHARES & DEPOSITS 4,452,414
  TOTAL LIABILITIES 4,462,741
 Regular Reserve 174,452
 Other Reserves 0
 Undivided Earnings 572,401
  TOTAL EQUITY 746,853
  TOTAL LIABILITIES, SHARES, & EQUITY 5,209,594
INCOME & EXPENSE  
 Loan Income 46,733
 Investment Income 1,988
 Other Income 16,385
 Total Employee Compensation & Benefits 36,388
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,251
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 7,762
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,842
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