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 |
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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: | http://www.mcucreditunion.com |
Branches: | 1 branch locations |
Members: | 3,104 |
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: | Dec 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $29,257,951 |
CEO/Manager: | Brannan D Hood |
Chairperson: | Jeffrey Passarelli |
ASSETS: | $ Amount |
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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 |
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