MASON COUNTY SCHOOL EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Sep, 30, 2025 — MASON COUNTY SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in LUDINGTON, MI with 1 branch location and about $7.84 million in total assets. Opened 64 years ago in 1962, MASON COUNTY SCHOOL EMPLOYEES CREDIT UNION has about 574 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MASON COUNTY SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 809 E. TINKHAM AVENUE LUDINGTON, MI 49431 |
| Phone: | (231) 843-4066 |
| Fax: | (231) 843-4066 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 574 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61696 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1962 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,844,698 |
| CEO/Manager: | Walter Leinberger |
| Chairperson: | Theodor Winkel |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 357,578 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 328,834 |
| Other Loans | 2,101,746 |
| TOTAL LOANS | 2,430,580 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,682 |
| Land And Building | 0 |
| Other Fixed Assets | 1,271 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 66,974 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,844,698 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,175 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,475,577 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,475,577 |
| TOTAL LIABILITIES | 6,477,752 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,366,946 |
| TOTAL EQUITY | 1,366,946 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,844,698 |
| INCOME & EXPENSE | |
| Loan Income | 63,141 |
| Investment Income | 38,610 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 36,717 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 19,874 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 19,807 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 30,543 |
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