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MEMBERS CHOICE CREDIT UNION

Dec, 31, 2023 — MEMBERS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 8 branch locations and about $754.86 million in total assets. Opened 83 years ago in 1941, MEMBERS CHOICE CREDIT UNION has about 47,542 members and employs 119 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: 313083196
Name:MEMBERS CHOICE CREDIT UNION
Address:
(Main Office)
18211 Katy Fwy
HOUSTON, TX 77094-1395
Phone:(281) 398-9900
Fax:(281) 398-9898
Website:https://www.mccu.com
Branches:8 branch locations
Members:47,542
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67508
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1941
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$754,859,446
CEO/Manager:Luke Billeri
Chairperson:Johnny Williams

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 31,550,609
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 235,720,514
 Unsecured Loans 68,625,698
 Other Loans 250,934,251
 TOTAL LOANS 555,280,463
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,994,690
 Land And Building 30,802,005
 Other Fixed Assets 0
 NCUSIF Deposit 5,999,967
 All Other Assets 0
  TOTAL ASSETS 754,859,446
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 111,000,000
 Accounts Payable & Other Liabilities 8,328,053
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 157,463,959
 Regular shares 193,502,234
 All Other Shares & Deposits 238,766,706
  TOTAL SHARES & DEPOSITS 589,732,899
  TOTAL LIABILITIES 709,060,952
 Regular Reserve 0
 Other Reserves -13,843,301
 Undivided Earnings 59,641,795
  TOTAL EQUITY 45,798,494
  TOTAL LIABILITIES, SHARES, & EQUITY 754,859,446
INCOME & EXPENSE  
 Loan Income 34,689,099
 Investment Income 3,669,934
 Other Income 2,556,277
 Total Employee Compensation & Benefits 11,136,274
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 17,506,428
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,877,617
 Cost of Funds 10,900,387
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 113,845
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