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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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