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MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION

Dec, 31, 2021 — MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 2 branch locations and about $191.14 million in total assets. Opened 86 years ago in 1936, MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION has about 7,922 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 313083620
Name:MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION
Address:
(Main Office)
2315 Mangum Rd
HOUSTON, TX 77092
Phone:(281) 953-7200
Fax:(713) 681-2114
Website:www.mtfcu.coop
Branches:2 branch locations
Members:7,922
Credit Union Type:Federal Credit Union
Charter Number:1584
Membership Type:Multiple common bond - other
Corporate Credit Union:No
Year Opened:1936
Last Audited:Oct 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$191,141,535
CEO/Manager:Brian Gilbert
Chairperson:Kevin Kleb

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,982,476
TOTAL INVESTMENTS 49,624,416
Loans Held for Sale 0
 
 Real Estate Loans 64,808,603
 Unsecured Loans 7,016,303
 Other Loans 53,046,393
 TOTAL LOANS 124,871,299
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -730,706
 Land And Building 3,854,602
 Other Fixed Assets 302,410
 NCUSIF Deposit 1,581,030
 All Other Assets 6,656,008
  TOTAL ASSETS 191,141,535
LIABILITIES & CAPITAL:  
 Dividends Payable 1,758
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,791,582
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 25,192,155
 Regular shares 32,682,418
 All Other Shares & Deposits 116,858,061
  TOTAL SHARES & DEPOSITS 174,732,634
  TOTAL LIABILITIES 176,525,974
 Regular Reserve 1,748,496
 Other Reserves -1,897,615
 Undivided Earnings 14,764,680
  TOTAL EQUITY 14,615,561
  TOTAL LIABILITIES, SHARES, & EQUITY 191,141,535
INCOME & EXPENSE  
 Loan Income 5,337,756
 Investment Income 644,511
 Other Income 929,224
 Total Employee Compensation & Benefits 2,279,286
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,277,074
 Non-operating Income & (Expense) -13,450
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 472,883
 Cost of Funds 1,065,638
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,705,160
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