MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.mcmfcu.com for more information.
Dec, 31, 2023 — MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION is a federal credit union headquartered in HOBART, IN with 1 branch location and about $104.14 million in total assets. Opened 64 years ago in 1960, MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION has about 17,890 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDWEST CARPENTERS & MILLWRIGHTS FEDERAL CREDIT UNION |
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Address: (Main Office) | 680 N UNION ST HOBART, IN 46342-2589 |
Phone: | (219) 947-1568 |
Fax: | (219) 942-3447 |
Website: | https://www.mcmfcu.com |
Branches: | 1 branch locations |
Members: | 17,890 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13959 |
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Membership Type: | Associational - Fraternal, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $104,140,584 |
CEO/Manager: | Randy Baldwin |
Chairperson: | Steve Kozel |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,664,064 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,992,466 |
Unsecured Loans | 3,762,575 |
Other Loans | 20,560,446 |
TOTAL LOANS | 40,315,487 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -144,502 |
Land And Building | 329,907 |
Other Fixed Assets | 128,816 |
NCUSIF Deposit | 941,780 |
All Other Assets | 96,670 |
TOTAL ASSETS | 104,140,584 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 292,668 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,714,165 |
Regular shares | 44,072,601 |
All Other Shares & Deposits | 27,814,106 |
TOTAL SHARES & DEPOSITS | 97,600,872 |
TOTAL LIABILITIES | 97,893,540 |
Regular Reserve | 0 |
Other Reserves | 3,068,277 |
Undivided Earnings | 3,178,767 |
TOTAL EQUITY | 6,247,044 |
TOTAL LIABILITIES, SHARES, & EQUITY | 104,140,584 |
INCOME & EXPENSE | |
Loan Income | 1,244,328 |
Investment Income | 394,150 |
Other Income | 523,574 |
Total Employee Compensation & Benefits | 1,398,691 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,200,107 |
Non-operating Income & (Expense) | 193,642 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -31,135 |
Cost of Funds | 254,452 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,562 |
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