Dec, 31, 2023 — MSD FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 1 branch location and about $7.59 million in total assets. Opened 53 years ago in 1971, MSD FEDERAL CREDIT UNION has about 817 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MSD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 700 W Liberty St LOUISVILLE, KY 40203-1911 |
| Phone: | (502) 540-6213 |
| Fax: | (502) 587-7832 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 817 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20595 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1971 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,590,975 |
| CEO/Manager: | Thomas Poos |
| Chairperson: | Timothy M Wallen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 495,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 641,305 |
| Other Loans | 2,735,343 |
| TOTAL LOANS | 3,376,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,000 |
| Land And Building | 0 |
| Other Fixed Assets | 257 |
| NCUSIF Deposit | 68,520 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,590,975 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,448 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,833,905 |
| Regular shares | 3,910,437 |
| All Other Shares & Deposits | 631,489 |
| TOTAL SHARES & DEPOSITS | 6,375,832 |
| TOTAL LIABILITIES | 6,382,280 |
| Regular Reserve | 0 |
| Other Reserves | 114,854 |
| Undivided Earnings | 1,093,841 |
| TOTAL EQUITY | 1,208,695 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,590,975 |
| INCOME & EXPENSE | |
| Loan Income | 197,092 |
| Investment Income | 155,894 |
| Other Income | 74,928 |
| Total Employee Compensation & Benefits | 175,553 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 181,423 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,220 |
| Cost of Funds | 18,864 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 101,033 |
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