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MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION

Jun, 30, 2021 — MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 1 branch location and about $23.99 million in total assets. Opened 66 years ago in 1955, MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,288 members and employs 4 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 NORTH 5TH STREET; SUITE 224
WACO, TX 76701
Phone:(254) 757-5015
Fax:(254) 757-5017
Website:http://www.mclennancountyefcu.com
Branches:1 branch locations
Members:1,288
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$23,993,875
CEO/Manager:Alan S Boyd
Chairperson:Randy Riggs

Call Report

  • Payday Alternative Loans (PAL Loans)

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,111,189
TOTAL INVESTMENTS 13,561,582
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 949,442
 Other Loans 5,235,854
 TOTAL LOANS 6,185,296
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -84,923
 Land And Building 0
 Other Fixed Assets 7,037
 NCUSIF Deposit 162,484
 All Other Assets 51,210
  TOTAL ASSETS 23,993,875
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 72,751
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,225,246
 Regular shares 7,752,540
 All Other Shares & Deposits 8,465,564
  TOTAL SHARES & DEPOSITS 18,443,350
  TOTAL LIABILITIES 18,516,101
 Regular Reserve 190,309
 Other Reserves 0
 Undivided Earnings 5,287,465
  TOTAL EQUITY 5,477,774
  TOTAL LIABILITIES, SHARES, & EQUITY 23,993,875
INCOME & EXPENSE  
 Loan Income 226,926
 Investment Income 56,258
 Other Income 65,630
 Total Employee Compensation & Benefits 186,024
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 118,775
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,000
 Cost of Funds 65,381
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -868
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