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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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