Dec, 31, 2023 — MERCK SHARP & DOHME FEDERAL CREDIT UNION is a federal credit union headquartered in CHALFONT, PA with 7 branch locations and about $793.99 million in total assets. Opened 74 years ago in 1950, MERCK SHARP & DOHME FEDERAL CREDIT UNION has about 32,118 members and employs 86 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERCK SHARP & DOHME FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 335 W Butler Ave CHALFONT, PA 18914 |
| Phone: | (215) 996-3700 |
| Fax: | (215) 996-3776 |
| Website: | https://www.msdfcu.org |
| Branches: | 7 branch locations |
| Members: | 32,118 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6574 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $793,988,166 |
| CEO/Manager: | Dana Defilippis |
| Chairperson: | Thomas Eisenberger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 49,173,282 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 290,900 |
| Real Estate Loans | 226,692,157 |
| Unsecured Loans | 46,404,126 |
| Other Loans | 161,397,990 |
| TOTAL LOANS | 434,494,273 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,967,407 |
| Land And Building | 5,360,270 |
| Other Fixed Assets | 2,530,059 |
| NCUSIF Deposit | 6,675,402 |
| All Other Assets | 30,195 |
| TOTAL ASSETS | 793,988,166 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 20,605,342 |
| Accounts Payable & Other Liabilities | 10,769,889 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 143,023,336 |
| Regular shares | 200,503,475 |
| All Other Shares & Deposits | 361,518,873 |
| TOTAL SHARES & DEPOSITS | 705,045,684 |
| TOTAL LIABILITIES | 736,420,915 |
| Regular Reserve | 0 |
| Other Reserves | -21,188,090 |
| Undivided Earnings | 78,755,341 |
| TOTAL EQUITY | 57,567,251 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 793,988,166 |
| INCOME & EXPENSE | |
| Loan Income | 19,850,135 |
| Investment Income | 12,334,536 |
| Other Income | 1,462,060 |
| Total Employee Compensation & Benefits | 8,978,512 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,364,741 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,846,081 |
| Cost of Funds | 9,002,239 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,651,541 |
| ↑ Back to Top | |