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MUNICIPAL CREDIT UNION (MCU)

Dec, 31, 2023 — MUNICIPAL CREDIT UNION (MCU) is a federally insured state chartered credit union headquartered in NEW YORK, NY with 15 branch locations and about $4.22 billion in total assets. Opened 107 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 609,429 members and employs 575 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:https://www.nymcu.org
Branches:15 branch locations
Members:609,429
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$4,218,999,365
CEO/Manager:Kyle Markland
Chairperson:Thomas Canty

Call Report

  • Credit Builder
  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 486,926,129
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,357,205,560
 Unsecured Loans 632,285,945
 Other Loans 579,109,554
 TOTAL LOANS 2,568,601,059
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -62,803,822
 Land And Building 0
 Other Fixed Assets 11,952,800
 NCUSIF Deposit 37,736,744
 All Other Assets 0
  TOTAL ASSETS 4,218,999,365
LIABILITIES & CAPITAL:  
 Dividends Payable 455,783
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 104,530,593
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 733,362,520
 Regular shares 2,554,667,189
 All Other Shares & Deposits 514,462,136
  TOTAL SHARES & DEPOSITS 3,802,491,845
  TOTAL LIABILITIES 3,907,478,221
 Regular Reserve 0
 Other Reserves -109,496,012
 Undivided Earnings 421,017,156
  TOTAL EQUITY 311,521,144
  TOTAL LIABILITIES, SHARES, & EQUITY 4,218,999,365
INCOME & EXPENSE  
 Loan Income 144,524,426
 Investment Income 39,488,213
 Other Income 37,857,830
 Total Employee Compensation & Benefits 64,065,797
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 91,322,460
 Non-operating Income & (Expense) 152,641
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 41,994,337
 Cost of Funds 10,907,541
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 71,545,889
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