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MUSICIANS FEDERAL CREDIT UNION

Dec, 31, 2023 — MUSICIANS FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON, TX with 1 branch location and about $853,927 in total assets. Opened 58 years ago in 1966, MUSICIANS FEDERAL CREDIT UNION has about 167 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MUSICIANS FEDERAL CREDIT UNION
Address:
(Main Office)
1939 Stadium Oaks Ct Ste 110
ARLINGTON, TX 76011-7802
Phone:(817) 469-6040
Fax:(817) 469-1448
Website:https://www.musiciansdfw.org
Branches:1 branch locations
Members:167
Credit Union Type:Federal Credit Union
Charter Number:17361
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$853,927
CEO/Manager:Rose Mathews
Chairperson:STEWART WILLIAMS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 274,469
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 4,835
 Other Loans 423,191
 TOTAL LOANS 428,026
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,744
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 7,121
 All Other Assets 0
  TOTAL ASSETS 853,927
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,118
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 750,863
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 750,863
  TOTAL LIABILITIES 751,981
 Regular Reserve 0
 Other Reserves 37,094
 Undivided Earnings 64,852
  TOTAL EQUITY 101,946
  TOTAL LIABILITIES, SHARES, & EQUITY 853,927
INCOME & EXPENSE  
 Loan Income 20,868
 Investment Income 4,533
 Other Income 1,070
 Total Employee Compensation & Benefits 13,569
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 9,046
 Non-operating Income & (Expense) 479
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,100
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 3,235
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