Dec, 31, 2023 — MARSHFIELD MEDICAL CENTER CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHFIELD, WI with 1 branch location and about $86.18 million in total assets. Opened 59 years ago in 1965, MARSHFIELD MEDICAL CENTER CREDIT UNION has about 3,763 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MARSHFIELD MEDICAL CENTER CREDIT UNION |
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Address: (Main Office) | 302 W Upham St MARSHFIELD, WI 54449-1461 |
Phone: | (715) 387-8686 |
Fax: | (715) 389-2753 |
Website: | https://www.mmccu.com |
Branches: | 1 branch locations |
Members: | 3,763 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67066 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1965 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $86,176,319 |
CEO/Manager: | David Murphy |
Chairperson: | Brooks Burt |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,161,160 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 33,602,034 |
Unsecured Loans | 667,374 |
Other Loans | 10,993,756 |
TOTAL LOANS | 45,263,164 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,725 |
Land And Building | 1,846,589 |
Other Fixed Assets | 212,726 |
NCUSIF Deposit | 764,007 |
All Other Assets | 0 |
TOTAL ASSETS | 86,176,319 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 115 |
Notes & Interest Payable | 9,000,000 |
Accounts Payable & Other Liabilities | 390,401 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 17,708,595 |
Regular shares | 37,909,542 |
All Other Shares & Deposits | 16,819,685 |
TOTAL SHARES & DEPOSITS | 72,437,822 |
TOTAL LIABILITIES | 81,828,473 |
Regular Reserve | 0 |
Other Reserves | -1,898,628 |
Undivided Earnings | 6,246,474 |
TOTAL EQUITY | 4,347,846 |
TOTAL LIABILITIES, SHARES, & EQUITY | 86,176,319 |
INCOME & EXPENSE | |
Loan Income | 1,894,788 |
Investment Income | 584,747 |
Other Income | 74,800 |
Total Employee Compensation & Benefits | 845,743 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 912,074 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,503 |
Cost of Funds | 634,577 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,581 |
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