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MATERION FEDERAL CREDIT UNION

Dec, 31, 2023 — MATERION FEDERAL CREDIT UNION is a federal credit union headquartered in ELMORE, OH with 1 branch location and about $30.71 million in total assets. Opened 54 years ago in 1970, MATERION FEDERAL CREDIT UNION has about 2,211 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MATERION FEDERAL CREDIT UNION
Address:
(Main Office)
14710 W Portage River South Rd
ELMORE, OH 43416
Phone:(419) 862-4115
Fax:(419) 862-4475
Website:https://www.materionfcu.com
Branches:1 branch locations
Members:2,211
Credit Union Type:Federal Credit Union
Charter Number:20063
Membership Type:Manufacturing - Primary and Fabricated Metals
Corporate Credit Union:No
Year Opened:1970
Last Audited:Nov 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$30,705,531
CEO/Manager:Tiffany Zinn
Chairperson:Josh Seigley

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,710
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 4,120,087
 Unsecured Loans 1,365,638
 Other Loans 15,513,597
 TOTAL LOANS 20,999,322
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -120,894
 Land And Building 0
 Other Fixed Assets 60,207
 NCUSIF Deposit 236,618
 All Other Assets 0
  TOTAL ASSETS 30,705,531
LIABILITIES & CAPITAL:  
 Dividends Payable 4
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 415,294
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,993,229
 Regular shares 9,020,878
 All Other Shares & Deposits 12,525,559
  TOTAL SHARES & DEPOSITS 25,539,666
  TOTAL LIABILITIES 25,954,964
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,750,567
  TOTAL EQUITY 4,750,567
  TOTAL LIABILITIES, SHARES, & EQUITY 30,705,531
INCOME & EXPENSE  
 Loan Income 1,022,967
 Investment Income 249,705
 Other Income 243,336
 Total Employee Compensation & Benefits 437,070
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 344,358
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 83,800
 Cost of Funds 345,392
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 353,666
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