Dec, 31, 2020 — MOUNTAIN HERITAGE FEDERAL CREDIT UNION is a federal credit union headquartered in PARKERSBURG, WV with 3 branch locations and about $43.72 million in total assets. Opened 63 years ago in 1958, MOUNTAIN HERITAGE FEDERAL CREDIT UNION has about 7,610 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNTAIN HERITAGE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1822 7TH ST PARKERSBURG, WV 26101 |
| Phone: | (304) 424-7256 |
| Fax: | (304) 428-2127 |
| Website: | http://www.mhfcu.net |
| Branches: | 3 branch locations |
| Members: | 7,610 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 12470 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2019 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,723,601 |
| CEO/Manager: | Linda L McClung |
| Chairperson: | Kimberly J Dellinger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,868,870 |
| TOTAL INVESTMENTS | 2,547,010 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,819,314 |
| Unsecured Loans | 4,355,550 |
| Other Loans | 23,742,780 |
| TOTAL LOANS | 31,917,644 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -602,172 |
| Land And Building | 203,249 |
| Other Fixed Assets | 37,573 |
| NCUSIF Deposit | 318,831 |
| All Other Assets | 432,596 |
| TOTAL ASSETS | 43,723,601 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,061 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,478,322 |
| Regular shares | 15,811,064 |
| All Other Shares & Deposits | 15,513,684 |
| TOTAL SHARES & DEPOSITS | 38,803,070 |
| TOTAL LIABILITIES | 38,844,131 |
| Regular Reserve | 622,086 |
| Other Reserves | 0 |
| Undivided Earnings | 4,257,384 |
| TOTAL EQUITY | 4,879,470 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,723,601 |
| INCOME & EXPENSE | |
| Loan Income | 2,065,265 |
| Investment Income | 53,762 |
| Other Income | 407,986 |
| Total Employee Compensation & Benefits | 593,740 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 839,885 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 660,000 |
| Cost of Funds | 202,488 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 230,900 |
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