Dec, 31, 2023 — MEMBER PREFERRED FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $15.38 million in total assets. Opened 89 years ago in 1935, MEMBER PREFERRED FEDERAL CREDIT UNION has about 1,396 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: | MEMBER PREFERRED FEDERAL CREDIT UNION |
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Address: (Main Office) | 340 S Blue Mound Rd Ste 342 FORT WORTH, TX 76131-1051 |
Phone: | (817) 222-2288 |
Fax: | (817) 222-2299 |
Website: | https://www.memberpreferredfcu.com |
Branches: | 1 branch locations |
Members: | 1,396 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 577 |
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Membership Type: | Multiple common bond - Primarily transportation |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $15,380,084 |
CEO/Manager: | Misty D Miller |
Chairperson: | James W Wilkinson |
ASSETS: | $ Amount |
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Cash & Equivalents | 807,533 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,352,955 |
Other Loans | 12,551,358 |
TOTAL LOANS | 13,904,313 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,787 |
Land And Building | 536,073 |
Other Fixed Assets | 27,038 |
NCUSIF Deposit | 127,234 |
All Other Assets | 0 |
TOTAL ASSETS | 15,380,084 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 26,386 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 109,664 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 930,202 |
Regular shares | 3,656,450 |
All Other Shares & Deposits | 8,644,357 |
TOTAL SHARES & DEPOSITS | 13,231,008 |
TOTAL LIABILITIES | 13,367,342 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,012,742 |
TOTAL EQUITY | 2,012,742 |
TOTAL LIABILITIES, SHARES, & EQUITY | 15,380,084 |
INCOME & EXPENSE | |
Loan Income | 824,385 |
Investment Income | 18,580 |
Other Income | 151,024 |
Total Employee Compensation & Benefits | 365,934 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 377,558 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,875 |
Cost of Funds | 292,106 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 62,139 |
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