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MEMBERS CHOICE FINANCIAL CREDIT UNION

Dec, 31, 2023 — MEMBERS CHOICE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in DANVILLE, PA with 6 branch locations and about $202.72 million in total assets. Opened 70 years ago in 1954, MEMBERS CHOICE FINANCIAL CREDIT UNION has about 13,084 members and employs 47 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: 231385714
Name:MEMBERS CHOICE FINANCIAL CREDIT UNION
Address:
(Main Office)
230 WALNUT STREET
DANVILLE, PA 17821
Phone:(570) 275-6155
Fax:(570) 275-4176
Website:https://www.mcfcu.org
Branches:6 branch locations
Members:13,084
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68655
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1954
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$202,719,985
CEO/Manager:James M Barbarich
Chairperson:Douglas Bastian

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 44,145,406
TOTAL INVESTMENTS 39,617,364
Loans Held for Sale 0
 
 Real Estate Loans 70,593,143
 Unsecured Loans 11,197,594
 Other Loans 29,889,739
 TOTAL LOANS 111,757,131
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -631,082
 Land And Building 3,022,560
 Other Fixed Assets 680,472
 NCUSIF Deposit 1,590,818
 All Other Assets 2,537,316
  TOTAL ASSETS 202,719,985
LIABILITIES & CAPITAL:  
 Dividends Payable 152
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,042,069
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,801,066
 Regular shares 71,229,237
 All Other Shares & Deposits 76,890,623
  TOTAL SHARES & DEPOSITS 183,920,926
  TOTAL LIABILITIES 185,963,147
 Regular Reserve 1,114,195
 Other Reserves 357,193
 Undivided Earnings 15,285,450
  TOTAL EQUITY 16,756,838
  TOTAL LIABILITIES, SHARES, & EQUITY 202,719,985
INCOME & EXPENSE  
 Loan Income 2,647,116
 Investment Income 231,897
 Other Income 268,097
 Total Employee Compensation & Benefits 1,331,729
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,267,694
 Non-operating Income & (Expense) 60,000
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 133,048
 Cost of Funds 406,168
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 554,288
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