Dec, 31, 2023 — MAUMEE VALLEY CREDIT UNION is a non-federally insured state credit union headquartered in TOLEDO, OH with 2 branch locations and about $21.16 million in total assets. Opened 82 years ago in 1942, MAUMEE VALLEY CREDIT UNION has about 2,909 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 |
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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: | 2,909 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 97053 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,160,121 |
CEO/Manager: | Rebecca J Schroeder |
Chairperson: | William Chalfant |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,040,585 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,569,587 |
Unsecured Loans | 1,136,898 |
Other Loans | 9,120,596 |
TOTAL LOANS | 11,827,081 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,788 |
Land And Building | 375,108 |
Other Fixed Assets | 53,549 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 21,160,121 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 10,902 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,056,180 |
Regular shares | 7,533,880 |
All Other Shares & Deposits | 7,057,858 |
TOTAL SHARES & DEPOSITS | 18,647,918 |
TOTAL LIABILITIES | 18,658,820 |
Regular Reserve | 0 |
Other Reserves | 949,575 |
Undivided Earnings | 1,551,726 |
TOTAL EQUITY | 2,501,301 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,160,121 |
INCOME & EXPENSE | |
Loan Income | 674,733 |
Investment Income | 160,659 |
Other Income | 71,315 |
Total Employee Compensation & Benefits | 326,393 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 593,433 |
Non-operating Income & (Expense) | 18,000 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,961 |
Cost of Funds | 157,626 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -39,669 |
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