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MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in WACO, TX with 1 branch location and about $23.92 million in total assets. Opened 66 years ago in 1955, MCLENNAN COUNTY EMPLOYEES FEDERAL CREDIT UNION has about 1,335 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 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:1,335
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:$23,920,984
CEO/Manager:Alan S Boyd
Chairperson:Randy Riggs

Call Report

  • Overdraft Protection
  • Pay Day Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Individual Development Accounts
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,828,074
TOTAL INVESTMENTS 13,063,582
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 947,826
 Other Loans 4,970,512
 TOTAL LOANS 5,918,338
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -86,859
 Land And Building 0
 Other Fixed Assets 8,792
 NCUSIF Deposit 139,243
 All Other Assets 49,814
  TOTAL ASSETS 23,920,984
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 66,368
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,403,721
 Regular shares 7,266,096
 All Other Shares & Deposits 8,721,203
  TOTAL SHARES & DEPOSITS 18,391,020
  TOTAL LIABILITIES 18,457,388
 Regular Reserve 190,309
 Other Reserves 0
 Undivided Earnings 5,273,287
  TOTAL EQUITY 5,463,596
  TOTAL LIABILITIES, SHARES, & EQUITY 23,920,984
INCOME & EXPENSE  
 Loan Income 113,020
 Investment Income 29,072
 Other Income 18,610
 Total Employee Compensation & Benefits 94,523
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 65,489
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -7,000
 Cost of Funds 33,398
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -15,046
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