Dec, 31, 2023 — MOUNTAIN LAUREL FEDERAL CREDIT UNION is a federal credit union headquartered in SAINT MARYS, PA with 7 branch locations and about $153.25 million in total assets. Opened 54 years ago in 1970, MOUNTAIN LAUREL FEDERAL CREDIT UNION has about 18,624 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: | MOUNTAIN LAUREL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 413 S Michael St SAINT MARYS, PA 15857 |
| Phone: | (814) 834-9518 |
| Fax: | (814) 781-1646 |
| Website: | https://www.mlfcu.net |
| Branches: | 7 branch locations |
| Members: | 18,624 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 20053 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1970 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $153,245,204 |
| CEO/Manager: | Rena Sennett |
| Chairperson: | Daniel D Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,970,155 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 21,031,603 |
| Unsecured Loans | 12,080,012 |
| Other Loans | 47,668,848 |
| TOTAL LOANS | 80,780,463 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -478,141 |
| Land And Building | 951,299 |
| Other Fixed Assets | 56,589 |
| NCUSIF Deposit | 1,320,126 |
| All Other Assets | 0 |
| TOTAL ASSETS | 153,245,204 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 146,691 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 377,056 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,135,503 |
| Regular shares | 93,259,670 |
| All Other Shares & Deposits | 11,027,092 |
| TOTAL SHARES & DEPOSITS | 128,422,265 |
| TOTAL LIABILITIES | 128,946,012 |
| Regular Reserve | 0 |
| Other Reserves | 2,798,428 |
| Undivided Earnings | 21,500,764 |
| TOTAL EQUITY | 24,299,192 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,245,204 |
| INCOME & EXPENSE | |
| Loan Income | 3,864,698 |
| Investment Income | 2,378,939 |
| Other Income | 581,562 |
| Total Employee Compensation & Benefits | 1,894,299 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,082,859 |
| Non-operating Income & (Expense) | -1 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,676 |
| Cost of Funds | 404,205 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,278,675 |
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