Dec, 31, 2023 — MILL TOWN CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 1 branch location and about $64.01 million in total assets. Opened 85 years ago in 1939, MILL TOWN CREDIT UNION has about 3,136 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 |
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Address: (Main Office) | 3102 Broadway EVERETT, WA 98201-4421 |
Phone: | (425) 252-5139 |
Fax: | (425) 259-1361 |
Website: | https://milltowncu.org |
Branches: | 1 branch locations |
Members: | 3,136 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68222 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $64,008,191 |
CEO/Manager: | Cindy Kyle |
Chairperson: | Kit Andreason |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,733,233 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,944,528 |
Unsecured Loans | 961,444 |
Other Loans | 39,158,401 |
TOTAL LOANS | 48,064,373 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -450,337 |
Land And Building | 735,131 |
Other Fixed Assets | 129,337 |
NCUSIF Deposit | 371,287 |
All Other Assets | 33,488 |
TOTAL ASSETS | 64,008,191 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 77,851 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 271,553 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,560,657 |
Regular shares | 24,793,738 |
All Other Shares & Deposits | 16,706,491 |
TOTAL SHARES & DEPOSITS | 50,060,887 |
TOTAL LIABILITIES | 50,410,291 |
Regular Reserve | 0 |
Other Reserves | 259,315 |
Undivided Earnings | 13,338,585 |
TOTAL EQUITY | 13,597,900 |
TOTAL LIABILITIES, SHARES, & EQUITY | 64,008,191 |
INCOME & EXPENSE | |
Loan Income | 3,144,056 |
Investment Income | 296,220 |
Other Income | 167,651 |
Total Employee Compensation & Benefits | 962,395 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,204,259 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 464,335 |
Cost of Funds | 575,396 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 532,682 |
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