Dec, 31, 2023 — MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in WAYNESVILLE, NC with 8 branch locations and about $340.96 million in total assets. Opened 61 years ago in 1963, MOUNTAIN CREDIT UNION has about 30,368 members and employs 75 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOUNTAIN CREDIT UNION |
---|---|
Address: (Main Office) | 1700 Russ Ave WAYNESVILLE, NC 28786-5807 |
Phone: | (828) 456-8627 |
Fax: | (828) 452-7383 |
Website: | https://www.mountaincu.org |
Branches: | 8 branch locations |
Members: | 30,368 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68531 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $340,964,502 |
CEO/Manager: | Amy Woody |
Chairperson: | Joey Webb |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 69,528,997 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 72,510,065 |
Unsecured Loans | 19,826,209 |
Other Loans | 129,819,748 |
TOTAL LOANS | 222,682,694 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,882,103 |
Land And Building | 10,274,267 |
Other Fixed Assets | 1,446,500 |
NCUSIF Deposit | 2,862,508 |
All Other Assets | 125,443 |
TOTAL ASSETS | 340,964,502 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,662,268 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 63,634,616 |
Regular shares | 129,671,685 |
All Other Shares & Deposits | 109,911,521 |
TOTAL SHARES & DEPOSITS | 303,217,822 |
TOTAL LIABILITIES | 305,908,793 |
Regular Reserve | 0 |
Other Reserves | 7,344,065 |
Undivided Earnings | 27,711,644 |
TOTAL EQUITY | 35,055,709 |
TOTAL LIABILITIES, SHARES, & EQUITY | 340,964,502 |
INCOME & EXPENSE | |
Loan Income | 12,731,354 |
Investment Income | 3,143,612 |
Other Income | 4,218,442 |
Total Employee Compensation & Benefits | 6,817,008 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,567,927 |
Non-operating Income & (Expense) | -77,689 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 697,900 |
Cost of Funds | 1,924,490 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,405,144 |
↑ Back to Top |