Dec, 31, 2023 — MONTCALM PUBLIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in EDMORE, MI with 1 branch location and about $24.00 million in total assets. Opened 58 years ago in 1966, MONTCALM PUBLIC EMPLOYEES CREDIT UNION has about 1,824 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MONTCALM PUBLIC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1157 E Main St EDMORE, MI 48829-7302 |
| Phone: | (989) 427-5663 |
| Fax: | (989) 427-3773 |
| Website: | https://mpecreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,824 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61999 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1966 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,998,803 |
| CEO/Manager: | Lisa J Longnecker |
| Chairperson: | William L Moore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,599,246 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 845,157 |
| Other Loans | 6,757,002 |
| TOTAL LOANS | 7,602,158 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,198 |
| Land And Building | 23,756 |
| Other Fixed Assets | 3,091 |
| NCUSIF Deposit | 180,464 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,998,803 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,962,595 |
| Regular shares | 12,750,503 |
| All Other Shares & Deposits | 4,505,020 |
| TOTAL SHARES & DEPOSITS | 20,218,118 |
| TOTAL LIABILITIES | 20,234,524 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,764,279 |
| TOTAL EQUITY | 3,764,279 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,998,803 |
| INCOME & EXPENSE | |
| Loan Income | 436,335 |
| Investment Income | 347,000 |
| Other Income | 30,271 |
| Total Employee Compensation & Benefits | 282,031 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 191,270 |
| Non-operating Income & (Expense) | 3,030 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 159,117 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 229,416 |
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