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.
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: | 3,235 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $61,649,738 |
CEO/Manager: | Cindy Kyle |
Chairperson: | Kit Andreason |
ASSETS: | $ Amount |
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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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