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MCKESSON FEDERAL CREDIT UNION

Dec, 31, 2023 — MCKESSON FEDERAL CREDIT UNION is a federal credit union headquartered in STRATFORD, CT with 3 branch locations and about $31.73 million in total assets. Opened 88 years ago in 1936, MCKESSON FEDERAL CREDIT UNION has about 2,708 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.


ABA Routing Number: 221182804
Name:MCKESSON FEDERAL CREDIT UNION
Address:
(Main Office)
97 HONEYSPOT RD
STRATFORD, CT 06615-6402
Phone:(203) 381-9492
Fax:(203) 375-2186
Website:https://www.mckessonfcu.org
Branches:3 branch locations
Members:2,708
Credit Union Type:Federal Credit Union
Charter Number:1706
Membership Type:Multiple common bond - Primarily other manufacturing
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$31,725,792
CEO/Manager:Gary M Hultgren
Chairperson:Leo H Dorsey

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,374,400
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,308,566
 Unsecured Loans 552,741
 Other Loans 2,389,006
 TOTAL LOANS 7,250,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -44,423
 Land And Building 65,000
 Other Fixed Assets 2,721
 NCUSIF Deposit 268,358
 All Other Assets 0
  TOTAL ASSETS 31,725,792
LIABILITIES & CAPITAL:  
 Dividends Payable 7,531
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 45,798
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,746,051
 Regular shares 13,762,159
 All Other Shares & Deposits 13,203,459
  TOTAL SHARES & DEPOSITS 28,711,669
  TOTAL LIABILITIES 28,764,998
 Regular Reserve 0
 Other Reserves 391,284
 Undivided Earnings 2,569,510
  TOTAL EQUITY 2,960,794
  TOTAL LIABILITIES, SHARES, & EQUITY 31,725,792
INCOME & EXPENSE  
 Loan Income 218,650
 Investment Income 207,560
 Other Income 75,510
 Total Employee Compensation & Benefits 274,568
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 196,151
 Non-operating Income & (Expense) 271,747
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 48,882
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 269,547
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