Dec, 31, 2023 — MADISON COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in ANDERSON, IN with 5 branch locations and about $110.17 million in total assets. Opened 89 years ago in 1935, MADISON COUNTY FEDERAL CREDIT UNION has about 9,004 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MADISON COUNTY FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 621 E 8th St ANDERSON, IN 46012-4018 |
Phone: | (765) 644-3623 |
Fax: | (765) 641-2346 |
Website: | https://www.madcofcu.org |
Branches: | 5 branch locations |
Members: | 9,004 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 306 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $110,165,821 |
CEO/Manager: | David E Dodd |
Chairperson: | Daniel W Dykes |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 5,396,776 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 31,370,204 |
Unsecured Loans | 10,584,110 |
Other Loans | 22,897,330 |
TOTAL LOANS | 64,851,644 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -632,411 |
Land And Building | 3,253,458 |
Other Fixed Assets | 154,698 |
NCUSIF Deposit | 993,611 |
All Other Assets | 0 |
TOTAL ASSETS | 110,165,821 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,584 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,618,271 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,778,952 |
Regular shares | 71,694,412 |
All Other Shares & Deposits | 4,472,687 |
TOTAL SHARES & DEPOSITS | 98,946,051 |
TOTAL LIABILITIES | 100,571,906 |
Regular Reserve | 0 |
Other Reserves | 1,181,990 |
Undivided Earnings | 8,411,925 |
TOTAL EQUITY | 9,593,915 |
TOTAL LIABILITIES, SHARES, & EQUITY | 110,165,821 |
INCOME & EXPENSE | |
Loan Income | 3,722,088 |
Investment Income | 1,284,799 |
Other Income | 1,623,868 |
Total Employee Compensation & Benefits | 2,853,051 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,381,357 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 87,993 |
Cost of Funds | 266,661 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,089,227 |
↑ Back to Top |
» See also Statement of Financial Condition