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MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION

Jun, 30, 2021 — MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 2 branch locations and about $183.34 million in total assets. Opened 85 years ago in 1936, MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION has about 7,736 members and employs 26 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:7,736
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$183,339,037
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 6,384,710
TOTAL INVESTMENTS 43,555,646
Loans Held for Sale 0
 
 Real Estate Loans 61,432,917
 Unsecured Loans 8,991,568
 Other Loans 52,063,563
 TOTAL LOANS 122,488,048
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -754,345
 Land And Building 3,901,467
 Other Fixed Assets 360,533
 NCUSIF Deposit 1,459,224
 All Other Assets 5,943,754
  TOTAL ASSETS 183,339,037
LIABILITIES & CAPITAL:  
 Dividends Payable 1,507
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,392,316
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 21,549,582
 Regular shares 28,360,925
 All Other Shares & Deposits 118,413,758
  TOTAL SHARES & DEPOSITS 168,324,265
  TOTAL LIABILITIES 169,718,088
 Regular Reserve 1,748,496
 Other Reserves -2,138,228
 Undivided Earnings 14,010,681
  TOTAL EQUITY 13,620,949
  TOTAL LIABILITIES, SHARES, & EQUITY 183,339,037
INCOME & EXPENSE  
 Loan Income 2,647,422
 Investment Income 315,410
 Other Income 549,731
 Total Employee Compensation & Benefits 1,071,720
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,090,699
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 244,934
 Cost of Funds 564,081
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 951,162
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