Sep, 30, 2025 — MILL TOWN CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 1 branch location and about $62.11 million in total assets. Opened 87 years ago in 1939, MILL TOWN CREDIT UNION has about 3,594 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: | MILL TOWN CREDIT UNION |
|---|---|
| Address: (Main Office) | 3102 Broadway EVERETT, WA 98201-4421 |
| Phone: | (425) 252-5139 |
| Fax: | (425) 259-1361 |
| Website: | https://www.milltowncu.org |
| Branches: | 1 branch locations |
| Members: | 3,594 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68222 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $62,111,728 |
| CEO/Manager: | Cindy Kyle |
| Chairperson: | Kit Andreason |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,834,465 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,571,895 |
| Unsecured Loans | 1,266,022 |
| Other Loans | 40,154,696 |
| TOTAL LOANS | 50,992,613 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -323,210 |
| Land And Building | 759,530 |
| Other Fixed Assets | 173,023 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 458,523 |
| All Other Assets | 129,113 |
| TOTAL ASSETS | 62,111,728 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 77,069 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 178,316 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,517,954 |
| Regular shares | 24,339,388 |
| All Other Shares & Deposits | 16,140,253 |
| TOTAL SHARES & DEPOSITS | 47,997,596 |
| TOTAL LIABILITIES | 48,252,981 |
| Regular Reserve | 0 |
| Other Reserves | -97,108 |
| Undivided Earnings | 13,955,855 |
| TOTAL EQUITY | 13,858,747 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 62,111,728 |
| INCOME & EXPENSE | |
| Loan Income | 2,398,271 |
| Investment Income | 446,499 |
| Other Income | 152,011 |
| Total Employee Compensation & Benefits | 762,606 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,155,397 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 448,371 |
| Cost of Funds | 581,576 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -75,693 |
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