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MADISON CREDIT UNION

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.


ABA Routing Number: 275978721
Name:MADISON CREDIT UNION
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
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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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