Dec, 31, 2020 — UNITED METHODIST CONNECTIONAL FEDERAL CREDIT UNION is a federal credit union headquartered in Marietta, GA with 2 branch locations and about $31.95 million in total assets. Opened 61 years ago in 1960, UNITED METHODIST CONNECTIONAL FEDERAL CREDIT UNION has about 3,603 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: | UNITED METHODIST CONNECTIONAL FEDERAL CREDIT UNION |
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Address: (Main Office) | P O Box 6448 Marietta, GA 30065-0448 |
Phone: | (770) 565-3794 |
Fax: | (770) 565-3821 |
Website: | http://www.unitedmethodistcu.com |
Branches: | 2 branch locations |
Members: | 3,603 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13704 |
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Membership Type: | Associational - Religious, other than those designated 'low-income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,947,462 |
CEO/Manager: | Brian K Pritchard |
Chairperson: | James R Mitchell |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,660,146 |
TOTAL INVESTMENTS | 7,174,101 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,278,997 |
Unsecured Loans | 5,352,937 |
Other Loans | 7,467,846 |
TOTAL LOANS | 19,808,373 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -73,126 |
Land And Building | 676,652 |
Other Fixed Assets | 127,587 |
NCUSIF Deposit | 245,074 |
All Other Assets | 328,655 |
TOTAL ASSETS | 31,947,462 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 160,808 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,182,873 |
Regular shares | 12,700,980 |
All Other Shares & Deposits | 9,025,251 |
TOTAL SHARES & DEPOSITS | 28,909,104 |
TOTAL LIABILITIES | 29,069,912 |
Regular Reserve | 682,937 |
Other Reserves | 0 |
Undivided Earnings | 2,194,613 |
TOTAL EQUITY | 2,877,550 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,947,462 |
INCOME & EXPENSE | |
Loan Income | 1,051,909 |
Investment Income | 100,769 |
Other Income | 328,218 |
Total Employee Compensation & Benefits | 801,680 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 508,727 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,600 |
Cost of Funds | 103,865 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 65,024 |
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