Jun, 30, 2024 — MAUMEE VALLEY CREDIT UNION is a non-federally insured state credit union headquartered in TOLEDO, OH with 2 branch locations and about $24.15 million in total assets. Opened 83 years ago in 1942, MAUMEE VALLEY CREDIT UNION has about 3,006 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MAUMEE VALLEY CREDIT UNION |
|---|---|
| Address: (Main Office) | 28 N Fearing Blvd TOLEDO, OH 43607-3601 |
| Phone: | (419) 382-4071 |
| Fax: | (419) 381-9784 |
| Website: | https://www.maumeevalleycu.com |
| Branches: | 2 branch locations |
| Members: | 3,006 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97053 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,154,015 |
| CEO/Manager: | Rebecca J Schroeder |
| Chairperson: | William Chalfant |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,304,120 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,050,290 |
| Unsecured Loans | 1,232,023 |
| Other Loans | 10,094,972 |
| TOTAL LOANS | 12,377,285 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -48,424 |
| Land And Building | 402,612 |
| Other Fixed Assets | 62,224 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,154,015 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,015 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,421,474 |
| Regular shares | 7,883,015 |
| All Other Shares & Deposits | 8,376,605 |
| TOTAL SHARES & DEPOSITS | 21,681,094 |
| TOTAL LIABILITIES | 21,698,109 |
| Regular Reserve | 0 |
| Other Reserves | 949,575 |
| Undivided Earnings | 1,506,331 |
| TOTAL EQUITY | 2,455,906 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,154,015 |
| INCOME & EXPENSE | |
| Loan Income | 482,021 |
| Investment Income | 77,623 |
| Other Income | 53,209 |
| Total Employee Compensation & Benefits | 374,966 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 406,651 |
| Non-operating Income & (Expense) | 13,500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 43,738 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -95,326 |
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