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MAC FEDERAL CREDIT UNION

Jun, 30, 2023 — MAC FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRBANKS, AK with 4 branch locations and about $191.25 million in total assets. Opened 72 years ago in 1952, MAC FEDERAL CREDIT UNION has about 17,115 members and employs 84 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: 325280039
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:17,115
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$191,248,042
CEO/Manager:Angela D Head
Chairperson:Anna M Gould

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 20,934,131
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,535,039
 Unsecured Loans 8,860,685
 Other Loans 137,279,389
 TOTAL LOANS 151,077,523
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,437,407
 Land And Building 13,586,458
 Other Fixed Assets 1,641,805
 NCUSIF Deposit 1,437,061
 All Other Assets 263,000
  TOTAL ASSETS 191,248,042
LIABILITIES & CAPITAL:  
 Dividends Payable 746,674
 Notes & Interest Payable 6,000,000
 Accounts Payable & Other Liabilities 2,699,295
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,253,053
 Regular shares 45,565,574
 All Other Shares & Deposits 81,528,902
  TOTAL SHARES & DEPOSITS 156,347,529
  TOTAL LIABILITIES 165,793,498
 Regular Reserve 0
 Other Reserves 133,548
 Undivided Earnings 25,320,996
  TOTAL EQUITY 25,454,544
  TOTAL LIABILITIES, SHARES, & EQUITY 191,248,042
INCOME & EXPENSE  
 Loan Income 7,379,755
 Investment Income 63,993
 Other Income 1,610,011
 Total Employee Compensation & Benefits 4,637,796
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,924,800
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,480,504
 Cost of Funds 737,719
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,229,159
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