Dec, 31, 2023 — MCU FINANCIAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT PLEASANT, WI with 2 branch locations and about $28.92 million in total assets. Opened 85 years ago in 1939, MCU FINANCIAL CENTER CREDIT UNION has about 2,775 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MCU FINANCIAL CENTER CREDIT UNION |
|---|---|
| Address: (Main Office) | 1462 S Green Bay Rd MOUNT PLEASANT, WI 53406-4488 |
| Phone: | (262) 634-6691 |
| Fax: | (262) 634-1210 |
| Website: | https://www.mcucreditunion.com |
| Branches: | 2 branch locations |
| Members: | 2,775 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66878 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $28,919,281 |
| CEO/Manager: | Brannan D Hood |
| Chairperson: | Jeffrey Passarelli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,131,402 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,129,574 |
| Unsecured Loans | 865,517 |
| Other Loans | 17,093,120 |
| TOTAL LOANS | 22,088,211 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -91,612 |
| Land And Building | 538,074 |
| Other Fixed Assets | 77,185 |
| NCUSIF Deposit | 266,329 |
| All Other Assets | 0 |
| TOTAL ASSETS | 28,919,281 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,876 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 151,858 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,725,774 |
| Regular shares | 12,155,684 |
| All Other Shares & Deposits | 9,070,514 |
| TOTAL SHARES & DEPOSITS | 25,951,972 |
| TOTAL LIABILITIES | 26,107,706 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,811,575 |
| TOTAL EQUITY | 2,811,575 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 28,919,281 |
| INCOME & EXPENSE | |
| Loan Income | 911,960 |
| Investment Income | 217,768 |
| Other Income | 148,371 |
| Total Employee Compensation & Benefits | 448,949 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 521,334 |
| Non-operating Income & (Expense) | -522 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,467 |
| Cost of Funds | 95,722 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 140,109 |
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