Dec, 31, 2023 — MAINSTREET FEDERAL CREDIT UNION is a federal credit union headquartered in LENEXA, KS with 13 branch locations and about $652.82 million in total assets. Opened 71 years ago in 1953, MAINSTREET FEDERAL CREDIT UNION has about 61,167 members and employs 140 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAINSTREET FEDERAL CREDIT UNION |
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Address: (Main Office) | 13001 W 95th St LENEXA, KS 66215-3726 |
Phone: | (913) 599-1010 |
Fax: | (913) 599-4816 |
Website: | https://www.mainstreetcu.org |
Branches: | 13 branch locations |
Members: | 61,167 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24858 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $652,815,565 |
CEO/Manager: | Bob Mayes |
Chairperson: | Gerald W Baird |
ASSETS: | $ Amount |
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Cash & Equivalents | 18,868,259 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 146,059,657 |
Unsecured Loans | 26,095,279 |
Other Loans | 199,719,563 |
TOTAL LOANS | 371,874,499 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,074,084 |
Land And Building | 8,628,706 |
Other Fixed Assets | 857,609 |
NCUSIF Deposit | 5,876,642 |
All Other Assets | 443,267 |
TOTAL ASSETS | 652,815,565 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 370,946 |
Notes & Interest Payable | 40,000,000 |
Accounts Payable & Other Liabilities | 9,501,157 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 131,000,212 |
Regular shares | 239,072,625 |
All Other Shares & Deposits | 205,480,271 |
TOTAL SHARES & DEPOSITS | 575,553,108 |
TOTAL LIABILITIES | 625,425,211 |
Regular Reserve | 0 |
Other Reserves | -28,690,220 |
Undivided Earnings | 56,080,574 |
TOTAL EQUITY | 27,390,354 |
TOTAL LIABILITIES, SHARES, & EQUITY | 652,815,565 |
INCOME & EXPENSE | |
Loan Income | 18,480,998 |
Investment Income | 4,548,855 |
Other Income | 3,826,725 |
Total Employee Compensation & Benefits | 10,767,349 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,576,345 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,569,076 |
Cost of Funds | 4,078,577 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,471,497 |
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» See also Statement of Financial Condition