Dec, 31, 2023 — MOBILE EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 3 branch locations and about $108.40 million in total assets. Opened 70 years ago in 1954, MOBILE EDUCATORS CREDIT UNION has about 8,627 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOBILE EDUCATORS CREDIT UNION |
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Address: (Main Office) | 3150 AIRPORT BLVD MOBILE, AL 36606 |
Phone: | (251) 473-4712 |
Fax: | (251) 476-6900 |
Website: | https://www.yourmecu.com |
Branches: | 3 branch locations |
Members: | 8,627 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61286 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $108,395,286 |
CEO/Manager: | Tina B Williams |
Chairperson: | Peter Kingsford |
ASSETS: | $ Amount |
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Cash & Equivalents | 13,824,792 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 904,346 |
Unsecured Loans | 1,455,960 |
Other Loans | 14,836,068 |
TOTAL LOANS | 17,196,374 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -121,704 |
Land And Building | 3,132,658 |
Other Fixed Assets | 188,337 |
NCUSIF Deposit | 984,828 |
All Other Assets | 0 |
TOTAL ASSETS | 108,395,286 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 793,018 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 23,706,663 |
Regular shares | 70,394,082 |
All Other Shares & Deposits | 2,343,577 |
TOTAL SHARES & DEPOSITS | 96,444,322 |
TOTAL LIABILITIES | 97,237,340 |
Regular Reserve | 0 |
Other Reserves | -654,789 |
Undivided Earnings | 11,812,735 |
TOTAL EQUITY | 11,157,946 |
TOTAL LIABILITIES, SHARES, & EQUITY | 108,395,286 |
INCOME & EXPENSE | |
Loan Income | 762,476 |
Investment Income | 2,162,512 |
Other Income | 704,567 |
Total Employee Compensation & Benefits | 1,070,142 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,874,160 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,987 |
Cost of Funds | 210,079 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 917,130 |
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