Jun, 30, 2024 — MIDDLETOWN AREA SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in MIDDLETOWN, OH with 1 branch location and about $9.61 million in total assets. Opened 88 years ago in 1937, MIDDLETOWN AREA SCHOOLS CREDIT UNION has about 994 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 |
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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: | 994 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62877 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Apr 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,612,591 |
CEO/Manager: | Jamie L Herron |
Chairperson: | Catherine J Jones |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,676,954 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 18,193 |
Unsecured Loans | 748,481 |
Other Loans | 2,988,728 |
TOTAL LOANS | 3,755,402 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,509 |
Land And Building | 52,245 |
Other Fixed Assets | 6,214 |
NCUSIF Deposit | 81,775 |
All Other Assets | 0 |
TOTAL ASSETS | 9,612,591 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,992 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,063,294 |
Regular shares | 7,111,902 |
All Other Shares & Deposits | 313,870 |
TOTAL SHARES & DEPOSITS | 8,489,066 |
TOTAL LIABILITIES | 8,502,058 |
Regular Reserve | 0 |
Other Reserves | 237,794 |
Undivided Earnings | 872,739 |
TOTAL EQUITY | 1,110,533 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,612,591 |
INCOME & EXPENSE | |
Loan Income | 170,920 |
Investment Income | 25,666 |
Other Income | 68,908 |
Total Employee Compensation & Benefits | 101,021 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 148,534 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 9,094 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 30,785 |
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