Dec, 31, 2021 — MOORE COUNTY SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in DUMAS, TX with 1 branch location and about $8.31 million in total assets. Opened 66 years ago in 1956, MOORE COUNTY SCHOOLS FEDERAL CREDIT UNION has about 831 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOORE COUNTY SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1114 E 1st St DUMAS, TX 79029-3301 |
| Phone: | (806) 935-5423 |
| Fax: | (806) 935-5103 |
| Website: | http://mcsfcu.com |
| Branches: | 1 branch locations |
| Members: | 831 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11458 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Nov 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $8,309,822 |
| CEO/Manager: | Melissa Reyes |
| Chairperson: | Nancy Grundy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 799,488 |
| TOTAL INVESTMENTS | 3,785,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 125,199 |
| Other Loans | 3,359,907 |
| TOTAL LOANS | 3,485,106 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -109,457 |
| Land And Building | 248,012 |
| Other Fixed Assets | 8,437 |
| NCUSIF Deposit | 64,141 |
| All Other Assets | 29,095 |
| TOTAL ASSETS | 8,309,822 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,335 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 5,299,374 |
| All Other Shares & Deposits | 2,257,711 |
| TOTAL SHARES & DEPOSITS | 7,557,085 |
| TOTAL LIABILITIES | 7,574,420 |
| Regular Reserve | 201,640 |
| Other Reserves | 0 |
| Undivided Earnings | 533,762 |
| TOTAL EQUITY | 735,402 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,309,822 |
| INCOME & EXPENSE | |
| Loan Income | 165,774 |
| Investment Income | 42,379 |
| Other Income | 719 |
| Total Employee Compensation & Benefits | 108,528 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 87,655 |
| Non-operating Income & (Expense) | 407 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 47,537 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,884 |
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