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MEADOW GOLD EMPLOYEES CREDIT UNION

Mar, 31, 2022 — MEADOW GOLD EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $5.56 million in total assets. Opened 86 years ago in 1936, MEADOW GOLD EMPLOYEES CREDIT UNION has about 473 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEADOW GOLD EMPLOYEES CREDIT UNION
Address:
(Main Office)
3691 W 1987 S
SALT LAKE CITY, UT 84104
Phone:(801) 908-7113
Fax:(801) 975-8022
Website:https://www.mgecu.org
Branches:1 branch locations
Members:473
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67067
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,555,211
CEO/Manager:Lynn Nelson
Chairperson:Sarah Brusik

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 936,021
TOTAL INVESTMENTS 2,295,580
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 84,538
 Other Loans 2,204,031
 TOTAL LOANS 2,288,569
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -20,000
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 39,378
 All Other Assets 15,663
  TOTAL ASSETS 5,555,211
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,926
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 547,934
 Regular shares 1,930,632
 All Other Shares & Deposits 1,989,932
  TOTAL SHARES & DEPOSITS 4,468,498
  TOTAL LIABILITIES 4,480,424
 Regular Reserve 471,497
 Other Reserves 0
 Undivided Earnings 603,290
  TOTAL EQUITY 1,074,787
  TOTAL LIABILITIES, SHARES, & EQUITY 5,555,211
INCOME & EXPENSE  
 Loan Income 108,484
 Investment Income 32,852
 Other Income 44,210
 Total Employee Compensation & Benefits 90,751
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 87,542
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -12,600
 Cost of Funds 22,482
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,185
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