Dec, 31, 2023 — MUTUAL FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in OMAHA, NE with 3 branch locations and about $122.28 million in total assets. Opened 75 years ago in 1949, MUTUAL FIRST FEDERAL CREDIT UNION has about 13,064 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUTUAL FIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 14510 F St OMAHA, NE 68137 |
Phone: | (402) 697-8200 |
Fax: | |
Website: | https://www.mutualfirst.com |
Branches: | 3 branch locations |
Members: | 13,064 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24540 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $122,282,139 |
CEO/Manager: | Kevin R Straub |
Chairperson: | Lowell Wilhite |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,697,911 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 30,875,956 |
Unsecured Loans | 5,840,751 |
Other Loans | 60,350,685 |
TOTAL LOANS | 97,113,406 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,223,887 |
Land And Building | 7,684,937 |
Other Fixed Assets | 916,621 |
NCUSIF Deposit | 918,534 |
All Other Assets | 0 |
TOTAL ASSETS | 122,282,139 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 75,469 |
Notes & Interest Payable | 13,589,104 |
Accounts Payable & Other Liabilities | 1,990,815 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 27,244,870 |
Regular shares | 33,806,684 |
All Other Shares & Deposits | 35,920,751 |
TOTAL SHARES & DEPOSITS | 96,972,305 |
TOTAL LIABILITIES | 112,627,693 |
Regular Reserve | 0 |
Other Reserves | 5,386,442 |
Undivided Earnings | 4,268,004 |
TOTAL EQUITY | 9,654,446 |
TOTAL LIABILITIES, SHARES, & EQUITY | 122,282,139 |
INCOME & EXPENSE | |
Loan Income | 5,446,012 |
Investment Income | 425,258 |
Other Income | 772,385 |
Total Employee Compensation & Benefits | 2,226,089 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,727,541 |
Non-operating Income & (Expense) | 10,380 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 500,000 |
Cost of Funds | 1,512,588 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 258,777 |
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