Dec, 31, 2023 — MAZUMA CREDIT UNION is a federally insured state chartered credit union headquartered in OVERLAND PARK, KS with 11 branch locations and about $973.89 million in total assets. Opened 76 years ago in 1948, MAZUMA CREDIT UNION has about 73,275 members and employs 249 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAZUMA CREDIT UNION |
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Address: (Main Office) | 7260 W 135th St OVERLAND PARK, KS 66223 |
Phone: | (913) 574-5000 |
Fax: | |
Website: | https://www.mazuma.org |
Branches: | 11 branch locations |
Members: | 73,275 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64084 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $973,886,503 |
CEO/Manager: | Deonne Christensen |
Chairperson: | Russ Petry |
ASSETS: | $ Amount |
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Cash & Equivalents | 89,485,016 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 290,979,369 |
Unsecured Loans | 44,419,565 |
Other Loans | 379,599,830 |
TOTAL LOANS | 714,998,764 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,963,720 |
Land And Building | 24,358,442 |
Other Fixed Assets | 2,451,065 |
NCUSIF Deposit | 7,449,853 |
All Other Assets | 428,905 |
TOTAL ASSETS | 973,886,503 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 72,200,000 |
Accounts Payable & Other Liabilities | 20,160,737 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 148,274,625 |
Regular shares | 195,030,890 |
All Other Shares & Deposits | 441,150,615 |
TOTAL SHARES & DEPOSITS | 784,456,131 |
TOTAL LIABILITIES | 876,816,868 |
Regular Reserve | 0 |
Other Reserves | -4,820,750 |
Undivided Earnings | 101,890,385 |
TOTAL EQUITY | 97,069,635 |
TOTAL LIABILITIES, SHARES, & EQUITY | 973,886,503 |
INCOME & EXPENSE | |
Loan Income | 41,533,330 |
Investment Income | 6,398,849 |
Other Income | 8,938,478 |
Total Employee Compensation & Benefits | 20,234,513 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,521,270 |
Non-operating Income & (Expense) | -8,958 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,854,190 |
Cost of Funds | 13,177,816 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,153,148 |
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