Mar, 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 $181.67 million in total assets. Opened 85 years ago in 1936, MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION has about 7,655 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.
| 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: | http://www.mtfcu.coop |
| Branches: | 2 branch locations |
| Members: | 7,655 |
| 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: | $181,672,184 |
| CEO/Manager: | Brian Gilbert |
| Chairperson: | Kevin Kleb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,023,054 |
| TOTAL INVESTMENTS | 43,405,691 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 59,155,890 |
| Unsecured Loans | 9,302,748 |
| Other Loans | 48,949,141 |
| TOTAL LOANS | 117,407,779 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -659,179 |
| Land And Building | 3,924,899 |
| Other Fixed Assets | 400,995 |
| NCUSIF Deposit | 1,416,465 |
| All Other Assets | 5,752,480 |
| TOTAL ASSETS | 181,672,184 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,999 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 993,549 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 20,598,718 |
| Regular shares | 28,290,526 |
| All Other Shares & Deposits | 118,792,569 |
| TOTAL SHARES & DEPOSITS | 167,681,813 |
| TOTAL LIABILITIES | 168,677,361 |
| Regular Reserve | 1,748,496 |
| Other Reserves | -2,222,792 |
| Undivided Earnings | 13,469,119 |
| TOTAL EQUITY | 12,994,823 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 181,672,184 |
| INCOME & EXPENSE | |
| Loan Income | 1,314,848 |
| Investment Income | 152,013 |
| Other Income | 243,942 |
| Total Employee Compensation & Benefits | 495,116 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 521,077 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 129,297 |
| Cost of Funds | 292,985 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 409,600 |
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