Dec, 31, 2023 — EM FEDERAL CREDIT UNION is a federal credit union headquartered in MESA, AZ with 1 branch location and about $10.95 million in total assets. Opened 72 years ago in 1952, EM FEDERAL CREDIT UNION has about 2,057 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EM FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 50 W Iron Ave MESA, AZ 85210-6103 |
| Phone: | (480) 633-4435 |
| Fax: | (480) 633-4612 |
| Website: | https://emfederalcreditunion.org |
| Branches: | 1 branch locations |
| Members: | 2,057 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7715 |
|---|---|
| Membership Type: | Manufacturing - All Other |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $10,952,442 |
| CEO/Manager: | Kimberly K Person |
| Chairperson: | William Policastro |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 543,722 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 581,903 |
| Other Loans | 7,272,217 |
| TOTAL LOANS | 7,854,121 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,797 |
| Land And Building | 0 |
| Other Fixed Assets | 363 |
| NCUSIF Deposit | 91,059 |
| All Other Assets | 0 |
| TOTAL ASSETS | 10,952,442 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,902 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 9,229,457 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 9,229,457 |
| TOTAL LIABILITIES | 9,247,359 |
| Regular Reserve | 0 |
| Other Reserves | 202,844 |
| Undivided Earnings | 1,502,239 |
| TOTAL EQUITY | 1,705,083 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 10,952,442 |
| INCOME & EXPENSE | |
| Loan Income | 430,846 |
| Investment Income | 50,436 |
| Other Income | 19,997 |
| Total Employee Compensation & Benefits | 185,236 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 168,069 |
| Non-operating Income & (Expense) | 1,296 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,500 |
| Cost of Funds | 80,499 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 65,271 |
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