Dec, 31, 2021 — MCU FINANCIAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT PLEASANT, WI with 1 branch location and about $29.26 million in total assets. Opened 83 years ago in 1939, MCU FINANCIAL CENTER CREDIT UNION has about 3,104 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: | http://www.mcucreditunion.com |
| Branches: | 1 branch locations |
| Members: | 3,104 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,257,951 |
| CEO/Manager: | Brannan D Hood |
| Chairperson: | Jeffrey Passarelli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,905,678 |
| TOTAL INVESTMENTS | 1,720,607 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,262,015 |
| Unsecured Loans | 816,841 |
| Other Loans | 16,536,935 |
| TOTAL LOANS | 21,615,791 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,330 |
| Land And Building | 616,304 |
| Other Fixed Assets | 87,018 |
| NCUSIF Deposit | 264,091 |
| All Other Assets | 109,792 |
| TOTAL ASSETS | 29,257,951 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,181 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 96,663 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,800,160 |
| Regular shares | 13,272,365 |
| All Other Shares & Deposits | 8,472,807 |
| TOTAL SHARES & DEPOSITS | 26,545,332 |
| TOTAL LIABILITIES | 26,643,176 |
| Regular Reserve | 1,935,684 |
| Other Reserves | 320 |
| Undivided Earnings | 678,771 |
| TOTAL EQUITY | 2,614,775 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,257,951 |
| INCOME & EXPENSE | |
| Loan Income | 803,294 |
| Investment Income | 31,007 |
| Other Income | 113,399 |
| Total Employee Compensation & Benefits | 410,046 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 412,174 |
| Non-operating Income & (Expense) | 12,794 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,412 |
| Cost of Funds | 42,121 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 80,272 |
| ↑ Back to Top | |