Dec, 31, 2023 — MC FEDERAL CREDIT UNION (MCFCU) is a federal credit union headquartered in DANVILLE, PA with 6 branch locations and about $213.61 million in total assets. Opened 70 years ago in 1954, MC FEDERAL CREDIT UNION (MCFCU) has about 13,331 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MC FEDERAL CREDIT UNION |
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Address: (Main Office) | 390 Walnut St DANVILLE, PA 17821-1503 |
Phone: | (570) 275-6155 |
Fax: | (570) 275-4176 |
Website: | https://www.mcfcu.org |
Branches: | 6 branch locations |
Members: | 13,331 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24929 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $213,611,521 |
CEO/Manager: | Elba Arenas |
Chairperson: | Douglas Bastian |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,620,954 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 103,315,834 |
Unsecured Loans | 11,638,099 |
Other Loans | 39,284,592 |
TOTAL LOANS | 154,238,525 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,124,281 |
Land And Building | 2,800,941 |
Other Fixed Assets | 296,096 |
NCUSIF Deposit | 1,917,013 |
All Other Assets | 179,777 |
TOTAL ASSETS | 213,611,521 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 909 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,696,866 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 40,041,881 |
Regular shares | 63,739,982 |
All Other Shares & Deposits | 90,095,235 |
TOTAL SHARES & DEPOSITS | 193,877,099 |
TOTAL LIABILITIES | 195,574,874 |
Regular Reserve | 0 |
Other Reserves | -3,777,646 |
Undivided Earnings | 21,814,293 |
TOTAL EQUITY | 18,036,647 |
TOTAL LIABILITIES, SHARES, & EQUITY | 213,611,521 |
INCOME & EXPENSE | |
Loan Income | 8,732,571 |
Investment Income | 1,316,502 |
Other Income | 720,379 |
Total Employee Compensation & Benefits | 3,095,724 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,018,021 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,019,765 |
Cost of Funds | 2,362,029 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,323,857 |
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