Dec, 31, 2023 — MADISON CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 1 branch location and about $58.75 million in total assets. Opened 88 years ago in 1936, MADISON CREDIT UNION has about 3,103 members and employs 9 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MADISON CREDIT UNION |
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Address: (Main Office) | 949 E Washington Ave MADISON, WI 53703 |
Phone: | (608) 266-4750 |
Fax: | (608) 266-4510 |
Website: | https://www.madisoncu.com |
Branches: | 1 branch locations |
Members: | 3,103 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66431 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $58,754,293 |
CEO/Manager: | Ilene Fritschler |
Chairperson: | Robin Piper |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,755,759 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,310,733 |
Unsecured Loans | 798,697 |
Other Loans | 14,277,466 |
TOTAL LOANS | 24,443,090 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -216,801 |
Land And Building | 82,273 |
Other Fixed Assets | 21,346 |
NCUSIF Deposit | 533,100 |
All Other Assets | 0 |
TOTAL ASSETS | 58,754,293 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 523 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -213,010 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,189,893 |
Regular shares | 27,091,157 |
All Other Shares & Deposits | 13,107,021 |
TOTAL SHARES & DEPOSITS | 53,388,071 |
TOTAL LIABILITIES | 53,175,584 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 5,578,709 |
TOTAL EQUITY | 5,578,709 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,754,293 |
INCOME & EXPENSE | |
Loan Income | 1,177,081 |
Investment Income | 490,160 |
Other Income | 189,676 |
Total Employee Compensation & Benefits | 634,034 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 767,534 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,235 |
Cost of Funds | 54,005 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 490,138 |
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