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MUNICIPAL CREDIT UNION (MCU)

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.


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: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:

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
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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