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.
| 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 |
| 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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