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 |
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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 |
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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 |
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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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