Dec, 31, 2022 — MAINSTREET FEDERAL CREDIT UNION is a federal credit union headquartered in LENEXA, KS with 13 branch locations and about $641.04 million in total assets. Opened 70 years ago in 1953, MAINSTREET FEDERAL CREDIT UNION has about 72,240 members and employs 135 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: | 72,240 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $641,043,917 |
| CEO/Manager: | Bob Mayes |
| Chairperson: | Gerald W Baird |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,965,166 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 132,816,341 |
| Unsecured Loans | 21,785,732 |
| Other Loans | 177,400,698 |
| TOTAL LOANS | 332,002,771 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,441,924 |
| Land And Building | 8,995,867 |
| Other Fixed Assets | 1,142,685 |
| NCUSIF Deposit | 5,867,296 |
| All Other Assets | 99,178 |
| TOTAL ASSETS | 641,043,917 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 52,088 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,813,940 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 136,669,604 |
| Regular shares | 274,625,156 |
| All Other Shares & Deposits | 208,817,834 |
| TOTAL SHARES & DEPOSITS | 620,112,594 |
| TOTAL LIABILITIES | 626,978,622 |
| Regular Reserve | 0 |
| Other Reserves | -32,212,069 |
| Undivided Earnings | 46,277,364 |
| TOTAL EQUITY | 14,065,295 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 641,043,917 |
| INCOME & EXPENSE | |
| Loan Income | 9,312,878 |
| Investment Income | 3,348,779 |
| Other Income | 2,645,879 |
| Total Employee Compensation & Benefits | 7,327,158 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,746,330 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 35,000 |
| Cost of Funds | 780,536 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,934,735 |
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