Jun, 30, 2024 — 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.
| 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 |
| 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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