Dec, 31, 2023 — UNITED METHODIST CONNECTIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in MARIETTA, GA with 2 branch locations and about $33.75 million in total assets. Opened 64 years ago in 1960, UNITED METHODIST CONNECTIONAL FEDERAL CREDIT UNION has about 3,051 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED METHODIST CONNECTIONAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1991 Lower Roswell Rd MARIETTA, GA 30068-3350 |
| Phone: | (770) 565-3794 |
| Fax: | (770) 565-3821 |
| Website: | https://www.faithfcu.com |
| Branches: | 2 branch locations |
| Members: | 3,051 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13704 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,751,022 |
| CEO/Manager: | Brian K Pritchard |
| Chairperson: | Max C Caylor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,688,483 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,611,714 |
| Unsecured Loans | 3,272,625 |
| Other Loans | 7,591,254 |
| TOTAL LOANS | 19,593,865 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -82,606 |
| Land And Building | 664,806 |
| Other Fixed Assets | 101,532 |
| NCUSIF Deposit | 287,892 |
| All Other Assets | 8,284 |
| TOTAL ASSETS | 33,751,022 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 324,738 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,180,439 |
| Regular shares | 12,297,996 |
| All Other Shares & Deposits | 10,646,758 |
| TOTAL SHARES & DEPOSITS | 30,125,192 |
| TOTAL LIABILITIES | 30,449,930 |
| Regular Reserve | 0 |
| Other Reserves | 682,937 |
| Undivided Earnings | 2,618,155 |
| TOTAL EQUITY | 3,301,092 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,751,022 |
| INCOME & EXPENSE | |
| Loan Income | 1,068,975 |
| Investment Income | 414,439 |
| Other Income | 125,154 |
| Total Employee Compensation & Benefits | 768,456 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 631,205 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 42,500 |
| Cost of Funds | 166,455 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 316,273 |
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