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MUSICIANS FEDERAL CREDIT UNION

Jun, 30, 2021 — MUSICIANS FEDERAL CREDIT UNION is a federal credit union headquartered in ARLINGTON, TX with 1 branch location and about $753,856 in total assets. Opened 55 years ago in 1966, MUSICIANS FEDERAL CREDIT UNION has about 192 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MUSICIANS FEDERAL CREDIT UNION
Address:
(Main Office)
1939 STADIUM OAKS CT STE 110
ARLINGTON, TX 76011-7802
Phone:(817) 469-6040
Fax:(817) 469-1448
Website:http://www.musiciansdfw.org
Branches:1 branch locations
Members:192
Credit Union Type:Federal Credit Union
Charter Number:17361
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1966
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$753,856
CEO/Manager:Rose Mathews
Chairperson:STEWART WILLIAMS

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 365,834
TOTAL INVESTMENTS 50,000
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 4,328
 Other Loans 329,296
 TOTAL LOANS 333,624
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,744
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 6,694
 All Other Assets 6,448
  TOTAL ASSETS 753,856
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 221
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 660,426
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 660,426
  TOTAL LIABILITIES 660,647
 Regular Reserve 37,094
 Other Reserves 0
 Undivided Earnings 56,115
  TOTAL EQUITY 93,209
  TOTAL LIABILITIES, SHARES, & EQUITY 753,856
INCOME & EXPENSE  
 Loan Income 10,829
 Investment Income 745
 Other Income 465
 Total Employee Compensation & Benefits 8,336
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,341
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 474
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 688
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