Dec, 31, 2023 — MAUMEE EDUCATORS FEDERAL CREDIT UNION is a federal credit union headquartered in MAUMEE, OH with 1 branch location and about $1.71 million in total assets. Opened 61 years ago in 1963, MAUMEE EDUCATORS FEDERAL CREDIT UNION has about 277 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MAUMEE EDUCATORS FEDERAL CREDIT UNION |
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Address: (Main Office) | 950 Cass Rd MAUMEE, OH 43537-2877 |
Phone: | (419) 720-3150 |
Fax: | (419) 891-5369 |
Website: | https://www.maumeeeducators.com |
Branches: | 1 branch locations |
Members: | 277 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 15390 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Nov 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,711,214 |
CEO/Manager: | Lawrence D Lines |
Chairperson: | Jennifer Ripmaster |
ASSETS: | $ Amount |
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Cash & Equivalents | 154,700 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 163,640 |
Other Loans | 908,773 |
TOTAL LOANS | 1,072,413 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,075 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 14,209 |
All Other Assets | 0 |
TOTAL ASSETS | 1,711,214 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,554 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,338,085 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,338,085 |
TOTAL LIABILITIES | 1,342,639 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 368,575 |
TOTAL EQUITY | 368,575 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,711,214 |
INCOME & EXPENSE | |
Loan Income | 39,222 |
Investment Income | 11,602 |
Other Income | 0 |
Total Employee Compensation & Benefits | 32,865 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,849 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,037 |
Cost of Funds | 3,186 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -10,111 |
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