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 |
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