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METHODIST HEALTHCARE FEDERAL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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