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MILL TOWN CREDIT UNION

Jun, 30, 2024 — MILL TOWN CREDIT UNION is a federally insured state chartered credit union headquartered in EVERETT, WA with 1 branch location and about $61.65 million in total assets. Opened 86 years ago in 1939, MILL TOWN CREDIT UNION has about 3,235 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.


ABA Routing Number: 325180540
Name:MILL TOWN CREDIT UNION
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:3,235
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$61,649,738
CEO/Manager:Cindy Kyle
Chairperson:Kit Andreason

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,018,248
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,505,068
 Unsecured Loans 896,910
 Other Loans 41,365,432
 TOTAL LOANS 47,767,410
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -255,186
 Land And Building 784,605
 Other Fixed Assets 55,367
 NCUSIF Deposit 372,165
 All Other Assets 48,217
  TOTAL ASSETS 61,649,738
LIABILITIES & CAPITAL:  
 Dividends Payable 4,194
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 469,905
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 8,496,488
 Regular shares 34,234,680
 All Other Shares & Deposits 5,058,772
  TOTAL SHARES & DEPOSITS 47,789,940
  TOTAL LIABILITIES 48,264,039
 Regular Reserve 0
 Other Reserves 776,889
 Undivided Earnings 12,608,810
  TOTAL EQUITY 13,385,699
  TOTAL LIABILITIES, SHARES, & EQUITY 61,649,738
INCOME & EXPENSE  
 Loan Income 1,515,662
 Investment Income 83,541
 Other Income 127,985
 Total Employee Compensation & Benefits 649,837
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 887,835
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -200,833
 Cost of Funds 119,081
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 363,231
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