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MUNICIPAL EMPLOYEES CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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