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MEMBERS CHOICE FEDERAL CREDIT UNION

Dec, 31, 2020 — MEMBERS CHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in Bloomington, IN with 2 branch locations and about $15.54 million in total assets. Opened 63 years ago in 1958, MEMBERS CHOICE FEDERAL CREDIT UNION has about 2,240 members and employs 10 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEMBERS CHOICE FEDERAL CREDIT UNION
Address:
(Main Office)
520 W Patterson Drive
Bloomington, IN 47403
Phone:(812) 336-7470
Fax:(812) 331-3093
Website:http://www.memberschoicefcu.org
Branches:2 branch locations
Members:2,240
Credit Union Type:Federal Credit Union
Charter Number:12680
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1958
Last Audited:Jun 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$15,541,146
CEO/Manager:Lori Gonzalez
Chairperson:Toby D Prince

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,634,114
TOTAL INVESTMENTS 251,778
Loans Held for Sale 0
 
 Real Estate Loans 1,667,617
 Unsecured Loans 776,580
 Other Loans 8,114,265
 TOTAL LOANS 10,558,462
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -53,724
 Land And Building 735,411
 Other Fixed Assets 78,172
 NCUSIF Deposit 118,214
 All Other Assets 218,719
  TOTAL ASSETS 15,541,146
LIABILITIES & CAPITAL:  
 Dividends Payable 536
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 23,405
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,855,570
 Regular shares 7,613,671
 All Other Shares & Deposits 3,787,678
  TOTAL SHARES & DEPOSITS 14,256,919
  TOTAL LIABILITIES 14,280,860
 Regular Reserve 119,200
 Other Reserves 0
 Undivided Earnings 1,141,086
  TOTAL EQUITY 1,260,286
  TOTAL LIABILITIES, SHARES, & EQUITY 15,541,146
INCOME & EXPENSE  
 Loan Income 569,088
 Investment Income 27,053
 Other Income 182,755
 Total Employee Compensation & Benefits 319,076
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 339,242
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 28,505
 Cost of Funds 31,146
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 60,927
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