Sep, 30, 2025 — MAUN FEDERAL CREDIT UNION (MFCU) is a federal credit union headquartered in KENDALL PARK, NJ with 2 branch locations and about $2.71 million in total assets. Opened 5 years ago in 2021, MAUN FEDERAL CREDIT UNION (MFCU) has about 355 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAUN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3250 Route 27, Suite #201 KENDALL PARK, NJ 08824 |
| Phone: | (866) 628-6328 |
| Fax: | |
| Website: | https://www.maunfcu.org |
| Branches: | 2 branch locations |
| Members: | 355 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24925 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 2021 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,710,475 |
| CEO/Manager: | Nadeem Baig |
| Chairperson: | Irfan Galaria |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,024,073 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 521,726 |
| Other Loans | 1,164,423 |
| TOTAL LOANS | 1,686,149 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,861 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 17,114 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,710,475 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 418,522 |
| Regular shares | 1,835,288 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 2,253,810 |
| TOTAL LIABILITIES | 2,253,810 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 456,665 |
| TOTAL EQUITY | 456,665 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,710,475 |
| INCOME & EXPENSE | |
| Loan Income | 0 |
| Investment Income | 20,357 |
| Other Income | 57,831 |
| Total Employee Compensation & Benefits | 53,346 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 29,563 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,651 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -8,122 |
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