Dec, 31, 2023 — MEMBERS PREFERRED CREDIT UNION is a non-federally insured state credit union headquartered in IDAHO FALLS, ID with 1 branch location and about $50.52 million in total assets. Opened 56 years ago in 1968, MEMBERS PREFERRED CREDIT UNION has about 4,410 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMBERS PREFERRED CREDIT UNION |
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Address: (Main Office) | 1515 Hoopes Ave IDAHO FALLS, ID 83404 |
Phone: | (208) 523-0090 |
Fax: | (208) 523-2933 |
Website: | https://www.memberspreferred.org |
Branches: | 1 branch locations |
Members: | 4,410 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 82547 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $50,515,231 |
CEO/Manager: | Greg Johnson |
Chairperson: | Alvin Stalder |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,925,561 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,757,822 |
Unsecured Loans | 6,831,263 |
Other Loans | 26,787,334 |
TOTAL LOANS | 37,376,418 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -567,483 |
Land And Building | 237,854 |
Other Fixed Assets | 2,432 |
NCUSIF Deposit | 0 |
All Other Assets | 0 |
TOTAL ASSETS | 50,515,231 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 84,475 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,966,846 |
Regular shares | 10,897,407 |
All Other Shares & Deposits | 22,032,006 |
TOTAL SHARES & DEPOSITS | 40,896,259 |
TOTAL LIABILITIES | 40,980,734 |
Regular Reserve | 0 |
Other Reserves | 1,201,223 |
Undivided Earnings | 8,333,274 |
TOTAL EQUITY | 9,534,497 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,515,231 |
INCOME & EXPENSE | |
Loan Income | 2,897,884 |
Investment Income | 218,943 |
Other Income | 675,254 |
Total Employee Compensation & Benefits | 861,773 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 639,752 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 625,773 |
Cost of Funds | 595,893 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,378,259 |
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