Dec, 31, 2023 — FORT MORGAN SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in FORT MORGAN, CO with 1 branch location and about $4.49 million in total assets. Opened 69 years ago in 1955, FORT MORGAN SCHOOLS FEDERAL CREDIT UNION has about 523 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | FORT MORGAN SCHOOLS FEDERAL CREDIT UNION |
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Address: (Main Office) | 212 E Kiowa Ave FORT MORGAN, CO 80701 |
Phone: | (970) 867-4028 |
Fax: | (970) 867-4659 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 523 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10180 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,485,372 |
CEO/Manager: | Phillip J Stadler |
Chairperson: | Brian Nickell |
ASSETS: | $ Amount |
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Cash & Equivalents | 178,350 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,521,577 |
Unsecured Loans | 75,517 |
Other Loans | 2,213,818 |
TOTAL LOANS | 3,810,912 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,974 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 39,511 |
All Other Assets | 0 |
TOTAL ASSETS | 4,485,372 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,237 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,980,633 |
All Other Shares & Deposits | 1,684,715 |
TOTAL SHARES & DEPOSITS | 3,665,348 |
TOTAL LIABILITIES | 3,669,585 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 815,787 |
TOTAL EQUITY | 815,787 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,485,372 |
INCOME & EXPENSE | |
Loan Income | 171,574 |
Investment Income | 14,120 |
Other Income | 4,737 |
Total Employee Compensation & Benefits | 51,323 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 51,671 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,658 |
Cost of Funds | 65,715 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -1,936 |
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