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METHODIST HEALTHCARE FEDERAL CREDIT UNION

Mar, 31, 2021 — METHODIST HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in Memphis, TN with 5 branch locations and about $52.98 million in total assets. Opened 61 years ago in 1960, METHODIST HEALTHCARE FEDERAL CREDIT UNION has about 7,309 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:7,309
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:$52,984,673
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 21,404,941
TOTAL INVESTMENTS 16,706,828
Loans Held for Sale 0
 
 Real Estate Loans 424,306
 Unsecured Loans 6,568,419
 Other Loans 6,830,268
 TOTAL LOANS 13,822,993
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -258,492
 Land And Building 0
 Other Fixed Assets 201,793
 NCUSIF Deposit 318,364
 All Other Assets 788,246
  TOTAL ASSETS 52,984,673
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 138,696
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,199,989
 Regular shares 32,709,520
 All Other Shares & Deposits 1,643,449
  TOTAL SHARES & DEPOSITS 45,552,958
  TOTAL LIABILITIES 45,691,654
 Regular Reserve 943,000
 Other Reserves 1,449
 Undivided Earnings 6,348,570
  TOTAL EQUITY 7,293,019
  TOTAL LIABILITIES, SHARES, & EQUITY 52,984,673
INCOME & EXPENSE  
 Loan Income 315,583
 Investment Income 79,680
 Other Income 275,859
 Total Employee Compensation & Benefits 202,906
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 325,931
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 50,000
 Cost of Funds 16,660
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 94,101
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