Sep, 30, 2025 — MAC FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 4 branch locations and about $174.98 million in total assets. Opened 74 years ago in 1952, MAC FEDERAL CREDIT UNION has about 18,223 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1317 Wembley Ave FAIRBANKS, AK 99701 |
| Phone: | (907) 474-1291 |
| Fax: | (907) 456-2815 |
| Website: | https://www.macfcu.org |
| Branches: | 4 branch locations |
| Members: | 18,223 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8080 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $174,984,984 |
| CEO/Manager: | Mark Burgess |
| Chairperson: | Jeremy J Fillipi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,176,971 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,018,651 |
| Unsecured Loans | 11,635,259 |
| Other Loans | 121,835,459 |
| TOTAL LOANS | 147,764,962 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,857,918 |
| Land And Building | 13,095,026 |
| Other Fixed Assets | 968,257 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,555,261 |
| All Other Assets | 323,200 |
| TOTAL ASSETS | 174,984,984 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,623,846 |
| Notes & Interest Payable | 6,000,000 |
| Accounts Payable & Other Liabilities | -2,188,830 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 37,833,659 |
| Regular shares | 45,213,265 |
| All Other Shares & Deposits | 67,064,998 |
| TOTAL SHARES & DEPOSITS | 150,111,923 |
| TOTAL LIABILITIES | 155,546,939 |
| Regular Reserve | 0 |
| Other Reserves | 975,636 |
| Undivided Earnings | 18,462,409 |
| TOTAL EQUITY | 19,438,045 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,984,984 |
| INCOME & EXPENSE | |
| Loan Income | 9,318,346 |
| Investment Income | 695,964 |
| Other Income | 2,032,266 |
| Total Employee Compensation & Benefits | 4,485,102 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,508,892 |
| Non-operating Income & (Expense) | -434,265 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,509,162 |
| Cost of Funds | 2,439,384 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -746,280 |
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