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METHODIST HEALTHCARE FEDERAL CREDIT UNION

Dec, 31, 2020 — METHODIST HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in Memphis, TN with 5 branch locations and about $47.72 million in total assets. Opened 61 years ago in 1960, METHODIST HEALTHCARE FEDERAL CREDIT UNION has about 7,339 members and employs 13 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)
PO Box 280387
Memphis, TN 38168
Phone:(901) 516-8594
Fax:(901) 516-5710
Website:http://www.methodistcu.org
Branches:5 branch locations
Members:7,339
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$47,724,684
CEO/Manager:Kristi T Vick
Chairperson:Douglas Stover

Call Report

  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 9,625,035
TOTAL INVESTMENTS 22,813,740
Loans Held for Sale 0
 
 Real Estate Loans 435,482
 Unsecured Loans 6,663,416
 Other Loans 7,274,163
 TOTAL LOANS 14,373,061
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -263,809
 Land And Building 0
 Other Fixed Assets 157,352
 NCUSIF Deposit 318,364
 All Other Assets 700,941
  TOTAL ASSETS 47,724,684
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 121,479
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 9,869,403
 Regular shares 28,926,006
 All Other Shares & Deposits 1,608,593
  TOTAL SHARES & DEPOSITS 40,404,002
  TOTAL LIABILITIES 40,525,481
 Regular Reserve 943,000
 Other Reserves 1,735
 Undivided Earnings 6,254,468
  TOTAL EQUITY 7,199,203
  TOTAL LIABILITIES, SHARES, & EQUITY 47,724,684
INCOME & EXPENSE  
 Loan Income 1,175,743
 Investment Income 424,677
 Other Income 1,133,877
 Total Employee Compensation & Benefits 829,608
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,311,759
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 200,000
 Cost of Funds 67,252
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 325,678
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