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MEADOW GROVE FEDERAL CREDIT UNION

Mar, 31, 2022 — MEADOW GROVE FEDERAL CREDIT UNION is a federal credit union headquartered in MEADOW GROVE, NE with 1 branch location and about $5.60 million in total assets. Opened 38 years ago in 1984, MEADOW GROVE FEDERAL CREDIT UNION has about 475 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)
210 Main St
MEADOW GROVE, NE 68752-4131
Phone:(402) 634-2911
Fax:(402) 634-2192
Website:http://meadowgrovefcu.org
Branches:1 branch locations
Members:475
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:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$5,603,104
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 -3,539
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,061,641
 Unsecured Loans 40,685
 Other Loans 1,454,074
 TOTAL LOANS 2,648,676
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,024
 Land And Building 4,508
 Other Fixed Assets 9,947
 NCUSIF Deposit 39,529
 All Other Assets 0
  TOTAL ASSETS 5,603,104
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 720
 Accounts Payable & Other Liabilities 11,637
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,608,176
 Regular shares 2,807,786
 All Other Shares & Deposits 458,471
  TOTAL SHARES & DEPOSITS 4,874,433
  TOTAL LIABILITIES 4,886,790
 Regular Reserve 0
 Other Reserves 174,453
 Undivided Earnings 541,861
  TOTAL EQUITY 716,314
  TOTAL LIABILITIES, SHARES, & EQUITY 5,603,104
INCOME & EXPENSE  
 Loan Income 25,300
 Investment Income 1,662
 Other Income 10,561
 Total Employee Compensation & Benefits 19,738
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 23,015
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 3,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -5,677
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