Dec, 31, 2023 — MADISON FIRE DEPARTMENT CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 1 branch location and about $5.09 million in total assets. Opened 93 years ago in 1931, MADISON FIRE DEPARTMENT CREDIT UNION has about 850 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MADISON FIRE DEPARTMENT CREDIT UNION |
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Address: (Main Office) | 1437 Monroe St MADISON, WI 53711-2018 |
Phone: | (608) 266-4952 |
Fax: | (608) 258-1377 |
Website: | https://www.mfdcu.org |
Branches: | 1 branch locations |
Members: | 850 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66499 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,091,222 |
CEO/Manager: | Stephen K Krieger |
Chairperson: | Lawrence Grab |
ASSETS: | $ Amount |
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Cash & Equivalents | 518,092 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 296,736 |
Other Loans | 4,198,963 |
TOTAL LOANS | 4,495,699 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,919 |
Land And Building | 0 |
Other Fixed Assets | 673 |
NCUSIF Deposit | 40,373 |
All Other Assets | 0 |
TOTAL ASSETS | 5,091,222 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,141 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 8,454 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,365,762 |
All Other Shares & Deposits | 1,775,843 |
TOTAL SHARES & DEPOSITS | 4,141,605 |
TOTAL LIABILITIES | 4,155,200 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 936,022 |
TOTAL EQUITY | 936,022 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,091,222 |
INCOME & EXPENSE | |
Loan Income | 197,411 |
Investment Income | 15,402 |
Other Income | 0 |
Total Employee Compensation & Benefits | 62,922 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 36,334 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -1,698 |
Cost of Funds | 54,129 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 63,800 |
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