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MAUN FEDERAL CREDIT UNION (MFCU)

Mar, 31, 2022 — MAUN FEDERAL CREDIT UNION (MFCU) is a federal credit union headquartered in KENDALL PARK, NJ with 2 branch locations and about $737,260 in total assets. Opened 1 years ago in 2021, MAUN FEDERAL CREDIT UNION (MFCU) has about 68 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:www.maunfcu.org
Branches:2 branch locations
Members:68
Credit Union Type:Federal Credit Union
Charter Number:24925
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:2021
Last Audited:Mar 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$737,260
CEO/Manager:Mohammad Roshan
Chairperson:Irfan Galaria

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 723,441
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 10,938
 TOTAL LOANS 10,938
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) 0
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 2,881
 All Other Assets 0
  TOTAL ASSETS 737,260
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,464
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 315,043
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 315,043
  TOTAL LIABILITIES 317,507
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 419,753
  TOTAL EQUITY 419,753
  TOTAL LIABILITIES, SHARES, & EQUITY 737,260
INCOME & EXPENSE  
 Loan Income 0
 Investment Income 133
 Other Income 885
 Total Employee Compensation & Benefits 14,102
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 25,976
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,887
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