Dec, 31, 2023 — MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in STAMFORD, CT with 1 branch location and about $43.64 million in total assets. Opened 89 years ago in 1935, MEMBERS CREDIT UNION has about 3,762 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 612 Bedford ST STAMFORD, CT 06901 |
| Phone: | (203) 622-6050 |
| Fax: | (203) 622-6051 |
| Website: | https://www.memberscu.coop |
| Branches: | 1 branch locations |
| Members: | 3,762 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68487 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,638,038 |
| CEO/Manager: | Kathy L Chartier |
| Chairperson: | Brian Wood |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,317,838 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,089,267 |
| Unsecured Loans | 4,000,005 |
| Other Loans | 12,387,616 |
| TOTAL LOANS | 38,476,888 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -248,137 |
| Land And Building | 1,791,976 |
| Other Fixed Assets | 94,978 |
| NCUSIF Deposit | 360,497 |
| All Other Assets | 25,142 |
| TOTAL ASSETS | 43,638,038 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,495 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 330,430 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 11,341,332 |
| Regular shares | 20,039,749 |
| All Other Shares & Deposits | 7,528,643 |
| TOTAL SHARES & DEPOSITS | 38,909,725 |
| TOTAL LIABILITIES | 39,247,650 |
| Regular Reserve | 0 |
| Other Reserves | 1,359,106 |
| Undivided Earnings | 3,031,282 |
| TOTAL EQUITY | 4,390,388 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,638,038 |
| INCOME & EXPENSE | |
| Loan Income | 2,048,666 |
| Investment Income | 156,920 |
| Other Income | 430,135 |
| Total Employee Compensation & Benefits | 891,817 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 931,380 |
| Non-operating Income & (Expense) | 13,887 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 199,495 |
| Cost of Funds | 71,583 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 555,333 |
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