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MCU FINANCIAL CENTER CREDIT UNION

Dec, 31, 2020 — MCU FINANCIAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in Racine, WI with 1 branch location and about $30.07 million in total assets. Opened 82 years ago in 1939, MCU FINANCIAL CENTER CREDIT UNION has about 3,160 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 275981394
Name:MCU FINANCIAL CENTER CREDIT UNION
Address:
(Main Office)
PO Box 085300
Racine, WI 53408-5300
Phone:(262) 634-6691
Fax:(262) 634-1210
Website:http://www.mcucreditunion.com
Branches:1 branch locations
Members:3,160
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:Dec 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$30,071,851
CEO/Manager:Richard A Delfs
Chairperson:Jeffrey Passarelli

Call Report

  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,396,371
TOTAL INVESTMENTS 1,221,607
Loans Held for Sale 0
 
 Real Estate Loans 4,764,683
 Unsecured Loans 833,746
 Other Loans 15,732,956
 TOTAL LOANS 21,331,385
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -80,849
 Land And Building 652,874
 Other Fixed Assets 78,361
 NCUSIF Deposit 199,508
 All Other Assets 272,594
  TOTAL ASSETS 30,071,851
LIABILITIES & CAPITAL:  
 Dividends Payable 1,455
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 56,328
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,205,562
 Regular shares 12,951,933
 All Other Shares & Deposits 10,322,390
  TOTAL SHARES & DEPOSITS 27,479,885
  TOTAL LIABILITIES 27,537,668
 Regular Reserve 1,935,684
 Other Reserves 0
 Undivided Earnings 598,499
  TOTAL EQUITY 2,534,183
  TOTAL LIABILITIES, SHARES, & EQUITY 30,071,851
INCOME & EXPENSE  
 Loan Income 836,457
 Investment Income 29,489
 Other Income 119,193
 Total Employee Compensation & Benefits 365,640
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 366,163
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 56,500
 Cost of Funds 61,481
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 135,355
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