Mar, 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 $4.20 billion in total assets. Opened 104 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 592,333 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 |
|---|---|
| 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: | 592,333 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,199,727,440 |
| CEO/Manager: | Kyle Markland |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,187,383,726 |
| TOTAL INVESTMENTS | 982,062,519 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,035,438,777 |
| Unsecured Loans | 464,219,070 |
| Other Loans | 329,221,471 |
| TOTAL LOANS | 1,828,879,318 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,538,918 |
| Land And Building | 0 |
| Other Fixed Assets | 14,312,024 |
| NCUSIF Deposit | 33,216,855 |
| All Other Assets | 184,411,916 |
| TOTAL ASSETS | 4,199,727,440 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 24,357 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 65,452,490 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 844,554,739 |
| Regular shares | 2,714,343,642 |
| All Other Shares & Deposits | 387,754,306 |
| TOTAL SHARES & DEPOSITS | 3,946,652,687 |
| TOTAL LIABILITIES | 4,012,129,534 |
| Regular Reserve | 89,290,742 |
| Other Reserves | -18,065,476 |
| Undivided Earnings | 116,372,640 |
| TOTAL EQUITY | 187,597,906 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,199,727,440 |
| INCOME & EXPENSE | |
| Loan Income | 25,162,503 |
| Investment Income | 1,643,119 |
| Other Income | 8,592,974 |
| Total Employee Compensation & Benefits | 13,738,864 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,150,550 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,646,440 |
| Cost of Funds | 857,524 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,821,801 |
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