MUNICIPAL EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in La Porte, IN with 1 branch location and about $1.12 million in total assets. Opened 86 years ago in 1938, MUNICIPAL EMPLOYEES CREDIT UNION has about 230 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUNICIPAL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 809 W. 18 th Street La Porte, IN 46350 |
Phone: | (219) 380-2254 |
Fax: | (219) 325-9087 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 230 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60693 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,120,148 |
CEO/Manager: | Erik Jedrysek |
Chairperson: | William Worek |
ASSETS: | $ Amount |
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Cash & Equivalents | 333,465 |
TOTAL INVESTMENTS | 176,104 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 89,292 |
Other Loans | 529,435 |
TOTAL LOANS | 618,727 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,183 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 8,417 |
All Other Assets | -3,382 |
TOTAL ASSETS | 1,120,148 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 746 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 913,272 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 913,272 |
TOTAL LIABILITIES | 914,018 |
Regular Reserve | 63,344 |
Other Reserves | 0 |
Undivided Earnings | 142,786 |
TOTAL EQUITY | 206,130 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,120,148 |
INCOME & EXPENSE | |
Loan Income | 32,448 |
Investment Income | 604 |
Other Income | 0 |
Total Employee Compensation & Benefits | 19,050 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,539 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 1,970 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,838 |
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