Dec, 31, 2023 — METHODIST HEALTHCARE FEDERAL CREDIT UNION is a federal credit union headquartered in CORDOVA, TN with 4 branch locations and about $47.99 million in total assets. Opened 64 years ago in 1960, METHODIST HEALTHCARE FEDERAL CREDIT UNION has about 6,314 members and employs 9 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 |
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Address: (Main Office) | 7130 Goodlett Farms Pkwy CORDOVA, TN 38016 |
Phone: | (901) 453-3500 |
Fax: | (901) 334-9844 |
Website: | https://www.methodistcu.org |
Branches: | 4 branch locations |
Members: | 6,314 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13456 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $47,991,437 |
CEO/Manager: | Kristi T Vick |
Chairperson: | Douglas Stover |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,207,304 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 295,410 |
Unsecured Loans | 3,564,809 |
Other Loans | 6,749,161 |
TOTAL LOANS | 10,609,380 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -189,115 |
Land And Building | 0 |
Other Fixed Assets | 64,694 |
NCUSIF Deposit | 415,116 |
All Other Assets | 0 |
TOTAL ASSETS | 47,991,437 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 312,118 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 9,019,767 |
Regular shares | 29,256,137 |
All Other Shares & Deposits | 1,552,428 |
TOTAL SHARES & DEPOSITS | 39,828,331 |
TOTAL LIABILITIES | 40,140,449 |
Regular Reserve | 0 |
Other Reserves | -410 |
Undivided Earnings | 7,851,398 |
TOTAL EQUITY | 7,850,988 |
TOTAL LIABILITIES, SHARES, & EQUITY | 47,991,437 |
INCOME & EXPENSE | |
Loan Income | 892,515 |
Investment Income | 617,332 |
Other Income | 1,065,764 |
Total Employee Compensation & Benefits | 744,978 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,374,211 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 244,000 |
Cost of Funds | 76,807 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 207,724 |
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