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 |
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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 |
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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 |
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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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