Dec, 31, 2023 — MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 1 branch location and about $22.73 million in total assets. Opened 69 years ago in 1955, MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,319 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 215 N 5th St Ste 224 WACO, TX 76701-1364 |
| Phone: | (254) 757-5015 |
| Fax: | (254) 757-5017 |
| Website: | https://www.mclennancountyefcu.com |
| Branches: | 1 branch locations |
| Members: | 1,319 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10461 |
|---|---|
| Membership Type: | Federal, State, Local Government |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,728,711 |
| CEO/Manager: | Alan S Boyd |
| Chairperson: | Gabriel Price |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,448,153 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 864,242 |
| Other Loans | 5,443,538 |
| TOTAL LOANS | 6,307,780 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -177,016 |
| Land And Building | 0 |
| Other Fixed Assets | 34,284 |
| NCUSIF Deposit | 173,432 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,728,711 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 132,399 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,770,718 |
| Regular shares | 8,325,804 |
| All Other Shares & Deposits | 5,985,225 |
| TOTAL SHARES & DEPOSITS | 17,081,747 |
| TOTAL LIABILITIES | 17,214,146 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,514,565 |
| TOTAL EQUITY | 5,514,565 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,728,711 |
| INCOME & EXPENSE | |
| Loan Income | 414,675 |
| Investment Income | 384,049 |
| Other Income | 80,698 |
| Total Employee Compensation & Benefits | 455,161 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 205,736 |
| Non-operating Income & (Expense) | 10,396 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,211 |
| Cost of Funds | 141,159 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -27,256 |
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