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MUNICIPAL CREDIT UNION (MCU)

Sep, 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 $4.24 billion in total assets. Opened 105 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 594,506 members and employs 478 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:594,506
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:$4,236,146,734
CEO/Manager:Kyle Markland
Chairperson:

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 970,148,890
TOTAL INVESTMENTS 1,231,797,159
Loans Held for Sale 0
 
 Real Estate Loans 1,043,621,120
 Unsecured Loans 511,510,177
 Other Loans 352,967,204
 TOTAL LOANS 1,908,098,501
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -13,559,379
 Land And Building 0
 Other Fixed Assets 12,548,410
 NCUSIF Deposit 35,131,981
 All Other Assets 91,981,172
  TOTAL ASSETS 4,236,146,734
LIABILITIES & CAPITAL:  
 Dividends Payable 17,561
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 58,932,391
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 767,949,709
 Regular shares 2,742,850,804
 All Other Shares & Deposits 389,382,815
  TOTAL SHARES & DEPOSITS 3,900,183,328
  TOTAL LIABILITIES 3,959,133,280
 Regular Reserve 97,702,853
 Other Reserves -8,780,124
 Undivided Earnings 188,090,725
  TOTAL EQUITY 277,013,454
  TOTAL LIABILITIES, SHARES, & EQUITY 4,236,146,734
INCOME & EXPENSE  
 Loan Income 77,090,515
 Investment Income 5,954,214
 Other Income 27,282,896
 Total Employee Compensation & Benefits 39,738,689
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 32,924,934
 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 1,856,267
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 94,951,996
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