THE MUNICIPAL FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.municipalcu.com for more information.
Sep, 30, 2025 — THE MUNICIPAL FEDERAL CREDIT UNION is a federal credit union headquartered in Sioux City, IA with 1 branch location and about $22.71 million in total assets. Opened 88 years ago in 1938, THE MUNICIPAL FEDERAL CREDIT UNION has about 2,251 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE MUNICIPAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 103 So. Fairmount Sioux City, IA 51106 |
| Phone: | (712) 255-3400 |
| Fax: | (712) 255-1222 |
| Website: | https://www.municipalcu.com |
| Branches: | 1 branch locations |
| Members: | 2,251 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24939 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,706,824 |
| CEO/Manager: | Michaleen M Kimsey |
| Chairperson: | Mike Hamm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,363,368 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,824,271 |
| Unsecured Loans | 671,556 |
| Other Loans | 5,058,779 |
| TOTAL LOANS | 10,554,606 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -143,058 |
| Land And Building | 63,891 |
| Other Fixed Assets | 15,653 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 201,591 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,706,824 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,492 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 55,328 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,822,569 |
| Regular shares | 13,926,316 |
| All Other Shares & Deposits | 1,555,570 |
| TOTAL SHARES & DEPOSITS | 20,304,455 |
| TOTAL LIABILITIES | 20,361,275 |
| Regular Reserve | 0 |
| Other Reserves | 2,210,426 |
| Undivided Earnings | 135,123 |
| TOTAL EQUITY | 2,345,549 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,706,824 |
| INCOME & EXPENSE | |
| Loan Income | 389,110 |
| Investment Income | 60,596 |
| Other Income | 91,267 |
| Total Employee Compensation & Benefits | 166,750 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 199,551 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 14,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 128,183 |
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