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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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