MEADOW GOLD EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mgecu.org for more information.
Jun, 30, 2024 — 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 88 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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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