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 |
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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 |
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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 |
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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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