Dec, 31, 2023 — MARION AND POLK SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in SALEM, OR with 11 branch locations and about $1.35 billion in total assets. Opened 88 years ago in 1936, MARION AND POLK SCHOOLS CREDIT UNION has about 77,041 members and employs 328 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MARION AND POLK SCHOOLS CREDIT UNION |
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Address: (Main Office) | 451 Division St NE SALEM, OR 97301 |
Phone: | (503) 588-0181 |
Fax: | |
Website: | https://www.mapscu.com |
Branches: | 11 branch locations |
Members: | 77,041 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64166 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,350,187,412 |
CEO/Manager: | Mark Zook |
Chairperson: | Brant Wolf |
ASSETS: | $ Amount |
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Cash & Equivalents | 46,684,875 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 492,064,583 |
Unsecured Loans | 51,029,403 |
Other Loans | 521,949,776 |
TOTAL LOANS | 1,065,118,213 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,333,004 |
Land And Building | 31,166,979 |
Other Fixed Assets | 12,381,755 |
NCUSIF Deposit | 10,532,760 |
All Other Assets | 200,306 |
TOTAL ASSETS | 1,350,187,412 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 67,500,000 |
Accounts Payable & Other Liabilities | 28,432,103 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 351,755,805 |
Regular shares | 240,853,193 |
All Other Shares & Deposits | 523,127,796 |
TOTAL SHARES & DEPOSITS | 1,115,736,794 |
TOTAL LIABILITIES | 1,211,668,897 |
Regular Reserve | 0 |
Other Reserves | 43,567 |
Undivided Earnings | 138,474,948 |
TOTAL EQUITY | 138,518,515 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,350,187,412 |
INCOME & EXPENSE | |
Loan Income | 49,858,270 |
Investment Income | 4,864,369 |
Other Income | 9,512,203 |
Total Employee Compensation & Benefits | 30,649,767 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 27,971,037 |
Non-operating Income & (Expense) | 5,108 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,175,881 |
Cost of Funds | 9,800,117 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,820,541 |
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