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METHODIST HEALTHCARE FEDERAL CREDIT UNION

Mar, 31, 2022 — METHODIST HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in CORDOVA, TN with 5 branch locations and about $56.18 million in total assets. Opened 62 years ago in 1960, METHODIST HEALTHCARE FEDERAL CREDIT UNION has about 6,974 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:METHODIST HEALTHCARE FEDERAL CREDIT UNION
Address:
(Main Office)
7130 Goodlett Farms Pkwy
CORDOVA, TN 38016
Phone:(901) 516-8594
Fax:(901) 516-5710
Website:http://www.methodistcu.org
Branches:5 branch locations
Members:6,974
Credit Union Type:Federal Credit Union
Charter Number:13456
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$56,181,429
CEO/Manager:Kristi T Vick
Chairperson:Douglas Stover

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,385,124
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 362,857
 Unsecured Loans 4,129,743
 Other Loans 5,708,492
 TOTAL LOANS 10,201,092
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -185,353
 Land And Building 0
 Other Fixed Assets 159,887
 NCUSIF Deposit 443,297
 All Other Assets 7,604
  TOTAL ASSETS 56,181,429
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 153,541
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 13,101,640
 Regular shares 33,294,975
 All Other Shares & Deposits 2,181,148
  TOTAL SHARES & DEPOSITS 48,577,763
  TOTAL LIABILITIES 48,731,304
 Regular Reserve 0
 Other Reserves 396
 Undivided Earnings 7,449,729
  TOTAL EQUITY 7,450,125
  TOTAL LIABILITIES, SHARES, & EQUITY 56,181,429
INCOME & EXPENSE  
 Loan Income 252,440
 Investment Income 73,141
 Other Income 269,361
 Total Employee Compensation & Benefits 180,179
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 330,972
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 45,000
 Cost of Funds 18,687
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 40,504
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