Dec, 31, 2023 — M O FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 2 branch locations and about $40.73 million in total assets. Opened 74 years ago in 1950, M O FEDERAL CREDIT UNION has about 1,788 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | M O FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 1730 Dakota Ave S HURON, SD 57350 |
Phone: | (605) 353-9977 |
Fax: | (605) 353-1732 |
Website: | https://m-ofcu.com |
Branches: | 2 branch locations |
Members: | 1,788 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 7020 |
---|---|
Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,725,752 |
CEO/Manager: | Gail L Broer |
Chairperson: | Ronald Russell |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,167,035 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 13,229,293 |
Unsecured Loans | 1,039,585 |
Other Loans | 7,830,170 |
TOTAL LOANS | 22,099,048 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,932 |
Land And Building | 379,039 |
Other Fixed Assets | 71,132 |
NCUSIF Deposit | 342,109 |
All Other Assets | 0 |
TOTAL ASSETS | 40,725,752 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 99,193 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 148,229 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,440,362 |
Regular shares | 14,972,573 |
All Other Shares & Deposits | 12,387,753 |
TOTAL SHARES & DEPOSITS | 35,800,688 |
TOTAL LIABILITIES | 36,048,110 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,677,642 |
TOTAL EQUITY | 4,677,642 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,725,752 |
INCOME & EXPENSE | |
Loan Income | 878,926 |
Investment Income | 309,875 |
Other Income | 47,015 |
Total Employee Compensation & Benefits | 594,227 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 309,125 |
Non-operating Income & (Expense) | 296 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 267,474 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 142,055 |
↑ Back to Top |