Dec, 31, 2023 — MONTCALM PUBLIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in EDMORE, MI with 1 branch location and about $24.00 million in total assets. Opened 58 years ago in 1966, MONTCALM PUBLIC EMPLOYEES CREDIT UNION has about 1,824 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: | MONTCALM PUBLIC EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1157 E Main St EDMORE, MI 48829-7302 |
Phone: | (989) 427-5663 |
Fax: | (989) 427-3773 |
Website: | https://mpecreditunion.com |
Branches: | 1 branch locations |
Members: | 1,824 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61999 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1966 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $23,998,803 |
CEO/Manager: | Lisa J Longnecker |
Chairperson: | William L Moore |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,599,246 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 845,157 |
Other Loans | 6,757,002 |
TOTAL LOANS | 7,602,158 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,198 |
Land And Building | 23,756 |
Other Fixed Assets | 3,091 |
NCUSIF Deposit | 180,464 |
All Other Assets | 0 |
TOTAL ASSETS | 23,998,803 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 16,406 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,962,595 |
Regular shares | 12,750,503 |
All Other Shares & Deposits | 4,505,020 |
TOTAL SHARES & DEPOSITS | 20,218,118 |
TOTAL LIABILITIES | 20,234,524 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,764,279 |
TOTAL EQUITY | 3,764,279 |
TOTAL LIABILITIES, SHARES, & EQUITY | 23,998,803 |
INCOME & EXPENSE | |
Loan Income | 436,335 |
Investment Income | 347,000 |
Other Income | 30,271 |
Total Employee Compensation & Benefits | 282,031 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 191,270 |
Non-operating Income & (Expense) | 3,030 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
Cost of Funds | 159,117 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 229,416 |
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