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.
| 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: |
| 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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