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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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