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MUNICIPAL CREDIT UNION (MCU)

Jun, 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 $4.18 billion in total assets. Opened 104 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 593,551 members and employs 487 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 226078036
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:593,551
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:$4,175,963,555
CEO/Manager:Kyle Markland
Chairperson:

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,102,255,587
TOTAL INVESTMENTS 1,121,934,539
Loans Held for Sale 0
 
 Real Estate Loans 1,039,244,893
 Unsecured Loans 486,285,140
 Other Loans 329,789,853
 TOTAL LOANS 1,855,319,886
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,837,083
 Land And Building 0
 Other Fixed Assets 13,214,048
 NCUSIF Deposit 35,131,981
 All Other Assets 62,944,597
  TOTAL ASSETS 4,175,963,555
LIABILITIES & CAPITAL:  
 Dividends Payable 26,925
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 58,540,892
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 754,165,826
 Regular shares 2,723,235,000
 All Other Shares & Deposits 391,239,841
  TOTAL SHARES & DEPOSITS 3,868,640,667
  TOTAL LIABILITIES 3,927,208,484
 Regular Reserve 93,466,707
 Other Reserves -15,346,866
 Undivided Earnings 170,635,230
  TOTAL EQUITY 248,755,071
  TOTAL LIABILITIES, SHARES, & EQUITY 4,175,963,555
INCOME & EXPENSE  
 Loan Income 50,528,129
 Investment Income 3,529,237
 Other Income 17,293,426
 Total Employee Compensation & Benefits 27,017,921
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 15,639,747
 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 1,368,684
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 73,260,354
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