Dec, 31, 2023 — MAMTA FEDERAL CREDIT UNION is a federal credit union headquartered in MAMARONECK, NY with 1 branch location and about $10.82 million in total assets. Opened 86 years ago in 1938, MAMTA FEDERAL CREDIT UNION has about 955 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAMTA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 W Boston Post Rd MAMARONECK, NY 10543-3328 |
| Phone: | (914) 834-3200 |
| Fax: | (914) 834-1620 |
| Website: | https://www.mamtafcu.org |
| Branches: | 1 branch locations |
| Members: | 955 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 2800 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,820,097 |
| CEO/Manager: | MaryAnn Lanza |
| Chairperson: | Joanne Rice |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 452,586 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 856,041 |
| Other Loans | 904,347 |
| TOTAL LOANS | 1,760,388 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,262 |
| Land And Building | 0 |
| Other Fixed Assets | 801 |
| NCUSIF Deposit | 113,433 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,820,097 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,100 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 7,397,487 |
| All Other Shares & Deposits | 1,984,535 |
| TOTAL SHARES & DEPOSITS | 9,382,022 |
| TOTAL LIABILITIES | 9,396,122 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,423,975 |
| TOTAL EQUITY | 1,423,975 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,820,097 |
| INCOME & EXPENSE | |
| Loan Income | 89,655 |
| Investment Income | 181,299 |
| Other Income | 1,522 |
| Total Employee Compensation & Benefits | 81,301 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 81,719 |
| Non-operating Income & (Expense) | 3,491 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 77,935 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 35,012 |
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