Jun, 30, 2024 — MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 2 branch locations and about $218.53 million in total assets. Opened 88 years ago in 1936, MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION has about 8,182 members and employs 29 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: | https://www.mtfcu.coop |
| Branches: | 2 branch locations |
| Members: | 8,182 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1584 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $218,530,853 |
| CEO/Manager: | Brian Gilbert |
| Chairperson: | Kevin Kleb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 14,158,862 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 82,684,403 |
| Unsecured Loans | 8,247,931 |
| Other Loans | 58,727,645 |
| TOTAL LOANS | 149,659,979 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -864,083 |
| Land And Building | 3,784,306 |
| Other Fixed Assets | 421,640 |
| NCUSIF Deposit | 1,602,445 |
| All Other Assets | 32,113 |
| TOTAL ASSETS | 218,530,853 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 989 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,438,148 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,400,183 |
| Regular shares | 36,754,603 |
| All Other Shares & Deposits | 145,133,986 |
| TOTAL SHARES & DEPOSITS | 205,288,772 |
| TOTAL LIABILITIES | 206,727,909 |
| Regular Reserve | 0 |
| Other Reserves | -4,153,099 |
| Undivided Earnings | 15,956,043 |
| TOTAL EQUITY | 11,802,944 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 218,530,853 |
| INCOME & EXPENSE | |
| Loan Income | 4,359,047 |
| Investment Income | 628,969 |
| Other Income | 687,460 |
| Total Employee Compensation & Benefits | 1,831,083 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,912,000 |
| Non-operating Income & (Expense) | 1,506 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 222,738 |
| Cost of Funds | 1,021,190 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,191,364 |
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