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MUNICIPAL CREDIT UNION (MCU)

Jun, 30, 2023 — MUNICIPAL CREDIT UNION (MCU) is a federally insured state chartered credit union headquartered in NEW YORK, NY with 16 branch locations and about $4.20 billion in total assets. Opened 107 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 594,408 members and employs 503 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:16 branch locations
Members:594,408
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:$4,195,105,672
CEO/Manager:Kyle Markland
Chairperson:Thomas Canty

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 584,317,376
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,238,458,543
 Unsecured Loans 583,264,658
 Other Loans 452,284,378
 TOTAL LOANS 2,274,007,579
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,594,435
 Land And Building 0
 Other Fixed Assets 10,688,709
 NCUSIF Deposit 37,485,880
 All Other Assets 416,707
  TOTAL ASSETS 4,195,105,672
LIABILITIES & CAPITAL:  
 Dividends Payable 22,768
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 88,283,908
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 749,436,749
 Regular shares 2,762,755,593
 All Other Shares & Deposits 388,920,287
  TOTAL SHARES & DEPOSITS 3,901,112,629
  TOTAL LIABILITIES 3,989,419,305
 Regular Reserve 0
 Other Reserves -147,178,375
 Undivided Earnings 352,864,742
  TOTAL EQUITY 205,686,367
  TOTAL LIABILITIES, SHARES, & EQUITY 4,195,105,672
INCOME & EXPENSE  
 Loan Income 83,804,122
 Investment Income 17,269,580
 Other Income 31,456,147
 Total Employee Compensation & Benefits 42,773,334
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 49,242,422
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 18,475,283
 Cost of Funds 1,413,582
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 51,014,004
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