Dec, 31, 2023 — MESQUITE CREDIT UNION is a federally insured state chartered credit union headquartered in MESQUITE, TX with 2 branch locations and about $40.42 million in total assets. Opened 56 years ago in 1968, MESQUITE CREDIT UNION has about 3,157 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MESQUITE CREDIT UNION |
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Address: (Main Office) | 1510 N Galloway Ave MESQUITE, TX 75149 |
Phone: | (972) 285-8951 |
Fax: | (972) 285-6801 |
Website: | https://www.mesquitecu.org |
Branches: | 2 branch locations |
Members: | 3,157 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67436 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1968 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,417,826 |
CEO/Manager: | Lisa J Connell |
Chairperson: | Brenda Reames |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,063,459 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 11,478,217 |
Unsecured Loans | 1,194,943 |
Other Loans | 15,017,989 |
TOTAL LOANS | 27,691,149 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -77,002 |
Land And Building | 814,391 |
Other Fixed Assets | 31,257 |
NCUSIF Deposit | 373,713 |
All Other Assets | 0 |
TOTAL ASSETS | 40,417,826 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 408,157 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 13,430,779 |
Regular shares | 18,612,629 |
All Other Shares & Deposits | 4,463,143 |
TOTAL SHARES & DEPOSITS | 36,506,552 |
TOTAL LIABILITIES | 36,914,709 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,503,117 |
TOTAL EQUITY | 3,503,117 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,417,826 |
INCOME & EXPENSE | |
Loan Income | 1,193,230 |
Investment Income | 148,828 |
Other Income | 397,888 |
Total Employee Compensation & Benefits | 642,285 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 756,865 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,120 |
Cost of Funds | 62,671 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 283,330 |
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