Sep, 30, 2021 — MUNICIPAL CREDIT UNION (MCU) is a federally insured state chartered credit union headquartered in NEW YORK, NY with 16 branch locations and about $4.24 billion in total assets. Opened 105 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 594,506 members and employs 478 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUNICIPAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 22 CORTLANDT ST NEW YORK, NY 10007-3107 |
| Phone: | (212) 238-3300 |
| Fax: | |
| Website: | http://www.nymcu.org |
| Branches: | 16 branch locations |
| Members: | 594,506 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60153 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1917 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,236,146,734 |
| CEO/Manager: | Kyle Markland |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 970,148,890 |
| TOTAL INVESTMENTS | 1,231,797,159 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,043,621,120 |
| Unsecured Loans | 511,510,177 |
| Other Loans | 352,967,204 |
| TOTAL LOANS | 1,908,098,501 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,559,379 |
| Land And Building | 0 |
| Other Fixed Assets | 12,548,410 |
| NCUSIF Deposit | 35,131,981 |
| All Other Assets | 91,981,172 |
| TOTAL ASSETS | 4,236,146,734 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 17,561 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 58,932,391 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 767,949,709 |
| Regular shares | 2,742,850,804 |
| All Other Shares & Deposits | 389,382,815 |
| TOTAL SHARES & DEPOSITS | 3,900,183,328 |
| TOTAL LIABILITIES | 3,959,133,280 |
| Regular Reserve | 97,702,853 |
| Other Reserves | -8,780,124 |
| Undivided Earnings | 188,090,725 |
| TOTAL EQUITY | 277,013,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,236,146,734 |
| INCOME & EXPENSE | |
| Loan Income | 77,090,515 |
| Investment Income | 5,954,214 |
| Other Income | 27,282,896 |
| Total Employee Compensation & Benefits | 39,738,689 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,924,934 |
| Non-operating Income & (Expense) | -4,580 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,572,489 |
| Cost of Funds | 1,856,267 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 94,951,996 |
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