Dec, 31, 2021 — MUNICIPAL CREDIT UNION (MCU) is a federally insured state chartered credit union headquartered in NEW YORK, NY with 16 branch locations and about $4.18 billion in total assets. Opened 105 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 586,597 members and employs 507 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 |
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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: | 586,597 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60153 |
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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: | $4,183,620,987 |
CEO/Manager: | Kyle Markland |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 821,717,813 |
TOTAL INVESTMENTS | 1,336,879,553 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,042,276,900 |
Unsecured Loans | 532,756,117 |
Other Loans | 349,175,577 |
TOTAL LOANS | 1,924,208,594 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,005,980 |
Land And Building | 0 |
Other Fixed Assets | 12,224,953 |
NCUSIF Deposit | 37,858,251 |
All Other Assets | 64,737,803 |
TOTAL ASSETS | 4,183,620,987 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 16,919 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 52,582,304 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 732,296,121 |
Regular shares | 2,724,548,169 |
All Other Shares & Deposits | 386,979,804 |
TOTAL SHARES & DEPOSITS | 3,843,824,094 |
TOTAL LIABILITIES | 3,896,423,317 |
Regular Reserve | 97,702,854 |
Other Reserves | -14,653,068 |
Undivided Earnings | 204,147,884 |
TOTAL EQUITY | 287,197,670 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,183,620,987 |
INCOME & EXPENSE | |
Loan Income | 103,892,656 |
Investment Income | 8,716,611 |
Other Income | 37,608,948 |
Total Employee Compensation & Benefits | 52,701,296 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 51,521,394 |
Non-operating Income & (Expense) | -4,580 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -10,782,199 |
Cost of Funds | 2,337,540 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 111,009,155 |
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