Dec, 31, 2023 — MUNICIPAL EMPLOYEES CREDIT UNION (MECU) is a federally insured state chartered credit union headquartered in OKLAHOMA CITY, OK with 4 branch locations and about $162.29 million in total assets. Opened 90 years ago in 1934, MUNICIPAL EMPLOYEES CREDIT UNION (MECU) has about 9,935 members and employs 43 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 101 N WALKER AVE OKLAHOMA CITY, OK 73102-2229 |
| Phone: | (405) 813-5500 |
| Fax: | (405) 813-3019 |
| Website: | https://www.mecuokc.org |
| Branches: | 4 branch locations |
| Members: | 9,935 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65503 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $162,292,328 |
| CEO/Manager: | JOHN CUMMINGS |
| Chairperson: | WILEY WILLIAMS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,785,838 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,588,158 |
| Unsecured Loans | 8,489,276 |
| Other Loans | 62,903,112 |
| TOTAL LOANS | 123,980,546 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,048,649 |
| Land And Building | 1,880,668 |
| Other Fixed Assets | 889,396 |
| NCUSIF Deposit | 1,398,602 |
| All Other Assets | 170,555 |
| TOTAL ASSETS | 162,292,328 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 852,032 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,892,075 |
| Regular shares | 43,381,116 |
| All Other Shares & Deposits | 59,637,960 |
| TOTAL SHARES & DEPOSITS | 145,911,151 |
| TOTAL LIABILITIES | 146,763,183 |
| Regular Reserve | 0 |
| Other Reserves | -171 |
| Undivided Earnings | 15,529,316 |
| TOTAL EQUITY | 15,529,145 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 162,292,328 |
| INCOME & EXPENSE | |
| Loan Income | 5,324,699 |
| Investment Income | 826,533 |
| Other Income | 1,910,492 |
| Total Employee Compensation & Benefits | 2,972,707 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,821,604 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,452 |
| Cost of Funds | 1,491,579 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -43,319 |
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