Dec, 31, 2023 — MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in CLEBURNE, TX with 2 branch locations and about $97.22 million in total assets. Opened 70 years ago in 1954, MEMBERS CREDIT UNION has about 8,403 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 833 N Nolan River Rd CLEBURNE, TX 76033 |
| Phone: | (817) 641-4031 |
| Fax: | (817) 645-0279 |
| Website: | https://www.memberscreditunion.com |
| Branches: | 2 branch locations |
| Members: | 8,403 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67649 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $97,218,771 |
| CEO/Manager: | PAUL T ELKINS |
| Chairperson: | CHRIS C COOKE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,893,902 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,077,281 |
| Unsecured Loans | 5,390,337 |
| Other Loans | 48,648,465 |
| TOTAL LOANS | 57,116,082 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -503,417 |
| Land And Building | 3,097,669 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 871,072 |
| All Other Assets | 0 |
| TOTAL ASSETS | 97,218,771 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -355,224 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,668,832 |
| Regular shares | 41,137,004 |
| All Other Shares & Deposits | 23,327,213 |
| TOTAL SHARES & DEPOSITS | 87,133,048 |
| TOTAL LIABILITIES | 86,777,824 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,440,947 |
| TOTAL EQUITY | 10,440,947 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,218,771 |
| INCOME & EXPENSE | |
| Loan Income | 3,179,616 |
| Investment Income | 1,118,672 |
| Other Income | 1,258,167 |
| Total Employee Compensation & Benefits | 1,668,484 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,374,806 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 170,000 |
| Cost of Funds | 392,195 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 966,580 |
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