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MTC FEDERAL CREDIT UNION

Dec, 31, 2023 — MTC FEDERAL CREDIT UNION is a federal credit union headquartered in GREENVILLE, SC with 8 branch locations and about $276.94 million in total assets. Opened 48 years ago in 1976, MTC FEDERAL CREDIT UNION has about 17,088 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 053285173
Name:MTC FEDERAL CREDIT UNION
Address:
(Main Office)
201 Brookfield Pkwy
GREENVILLE, SC 29607-5744
Phone:(864) 908-3400
Fax:
Website:https://www.mtcfederal.com
Branches:8 branch locations
Members:17,088
Credit Union Type:Federal Credit Union
Charter Number:22520
Membership Type:Multiple common bond - Primarily transportation equipment
Corporate Credit Union:No
Year Opened:1976
Last Audited:Jun 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$276,940,174
CEO/Manager:William H Love
Chairperson:Marion M King

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,037,165
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 62,382,956
 Unsecured Loans 28,666,175
 Other Loans 73,894,667
 TOTAL LOANS 164,943,798
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,254,570
 Land And Building 5,168,028
 Other Fixed Assets 1,024,600
 NCUSIF Deposit 2,100,707
 All Other Assets 142,235
  TOTAL ASSETS 276,940,174
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 20,000,000
 Accounts Payable & Other Liabilities 5,479,957
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 35,089,015
 Regular shares 57,296,386
 All Other Shares & Deposits 121,806,358
  TOTAL SHARES & DEPOSITS 214,191,758
  TOTAL LIABILITIES 239,671,715
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 37,268,459
  TOTAL EQUITY 37,268,459
  TOTAL LIABILITIES, SHARES, & EQUITY 276,940,174
INCOME & EXPENSE  
 Loan Income 11,593,489
 Investment Income 2,528,356
 Other Income 1,491,903
 Total Employee Compensation & Benefits 6,453,873
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,787,070
 Non-operating Income & (Expense) -64,410
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,312,607
 Cost of Funds 3,660,470
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,210,371
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