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MUNICIPAL CREDIT UNION (MCU)

Mar, 31, 2022 — MUNICIPAL CREDIT UNION (MCU) is a federally insured state chartered credit union headquartered in NEW YORK, NY with 16 branch locations and about $4.34 billion in total assets. Opened 105 years ago in 1917, MUNICIPAL CREDIT UNION (MCU) has about 587,761 members and employs 477 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:587,761
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:$4,338,754,187
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 736,199,565
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,109,492,180
 Unsecured Loans 542,204,571
 Other Loans 396,593,999
 TOTAL LOANS 2,048,290,750
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -14,939,400
 Land And Building 0
 Other Fixed Assets 11,257,834
 NCUSIF Deposit 37,858,251
 All Other Assets 280,148
  TOTAL ASSETS 4,338,754,187
LIABILITIES & CAPITAL:  
 Dividends Payable 14,736
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 57,567,819
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 805,068,392
 Regular shares 2,830,510,667
 All Other Shares & Deposits 388,752,028
  TOTAL SHARES & DEPOSITS 4,024,331,087
  TOTAL LIABILITIES 4,081,913,642
 Regular Reserve 0
 Other Reserves -64,140,989
 Undivided Earnings 320,981,534
  TOTAL EQUITY 256,840,545
  TOTAL LIABILITIES, SHARES, & EQUITY 4,338,754,187
INCOME & EXPENSE  
 Loan Income 26,483,934
 Investment Income 3,649,506
 Other Income 9,885,869
 Total Employee Compensation & Benefits 14,055,362
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,288,574
 Non-operating Income & (Expense) 6,077,699
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,394,483
 Cost of Funds 463,741
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 19,130,797
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