Sep, 30, 2025 — MIDDLETOWN AREA SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in MIDDLETOWN, OH with 1 branch location and about $10.75 million in total assets. Opened 89 years ago in 1937, MIDDLETOWN AREA SCHOOLS CREDIT UNION has about 1,027 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: | MIDDLETOWN AREA SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1730 Central Ave MIDDLETOWN, OH 45044-4140 |
| Phone: | (513) 422-2392 |
| Fax: | (513) 422-1143 |
| Website: | https://www.mascu.com |
| Branches: | 1 branch locations |
| Members: | 1,027 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62877 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,750,846 |
| CEO/Manager: | Jamie L Herron |
| Chairperson: | Martha Morgan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,184,729 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 905,950 |
| Other Loans | 5,771,943 |
| TOTAL LOANS | 6,677,894 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,851 |
| Land And Building | 71,011 |
| Other Fixed Assets | 2,024 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 84,185 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,750,846 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,950 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,315,570 |
| Regular shares | 7,187,927 |
| All Other Shares & Deposits | 676,822 |
| TOTAL SHARES & DEPOSITS | 9,180,318 |
| TOTAL LIABILITIES | 9,201,268 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,549,578 |
| TOTAL EQUITY | 1,549,578 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,750,846 |
| INCOME & EXPENSE | |
| Loan Income | 276,598 |
| Investment Income | 112,826 |
| Other Income | 68,393 |
| Total Employee Compensation & Benefits | 127,726 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 231,190 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,986 |
| Cost of Funds | 14,653 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 97,123 |
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