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MCU FINANCIAL CENTER CREDIT UNION

Sep, 30, 2021 — MCU FINANCIAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in Racine, WI with 1 branch location and about $30.05 million in total assets. Opened 83 years ago in 1939, MCU FINANCIAL CENTER CREDIT UNION has about 3,153 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.


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:3,153
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:$30,045,002
CEO/Manager:Brannan D Hood
Chairperson:Jeffrey Passarelli

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,241,800
TOTAL INVESTMENTS 2,121,180
Loans Held for Sale 0
 
 Real Estate Loans 4,361,064
 Unsecured Loans 765,303
 Other Loans 16,486,350
 TOTAL LOANS 21,612,717
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -48,469
 Land And Building 626,083
 Other Fixed Assets 70,211
 NCUSIF Deposit 264,091
 All Other Assets 157,389
  TOTAL ASSETS 30,045,002
LIABILITIES & CAPITAL:  
 Dividends Payable 1,102
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 149,988
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,808,689
 Regular shares 13,758,843
 All Other Shares & Deposits 8,702,618
  TOTAL SHARES & DEPOSITS 27,270,150
  TOTAL LIABILITIES 27,421,240
 Regular Reserve 1,935,684
 Other Reserves 2,528
 Undivided Earnings 685,550
  TOTAL EQUITY 2,623,762
  TOTAL LIABILITIES, SHARES, & EQUITY 30,045,002
INCOME & EXPENSE  
 Loan Income 607,191
 Investment Income 33,421
 Other Income 83,556
 Total Employee Compensation & Benefits 306,635
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 306,129
 Non-operating Income & (Expense) 11,571
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,150
 Cost of Funds 33,180
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 86,645
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