Dec, 31, 2023 — USEM MENA FEDERAL CREDIT UNION is a federal credit union headquartered in MENA, AR with 1 branch location and about $1.97 million in total assets. Opened 57 years ago in 1967, USEM MENA FEDERAL CREDIT UNION has about 409 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | USEM MENA FEDERAL CREDIT UNION |
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Address: (Main Office) | 500 Morrow St N MENA, AR 71953 |
Phone: | (479) 394-8719 |
Fax: | (479) 394-8719 |
Website: | https://usem.virtualcu.net/ |
Branches: | 1 branch locations |
Members: | 409 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 18343 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,967,825 |
CEO/Manager: | Lisa Doughty |
Chairperson: | Brent Toon |
ASSETS: | $ Amount |
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Cash & Equivalents | 286,445 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 196,194 |
Other Loans | 877,747 |
TOTAL LOANS | 1,073,941 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,836 |
Land And Building | 0 |
Other Fixed Assets | 3,666 |
NCUSIF Deposit | 15,920 |
All Other Assets | 0 |
TOTAL ASSETS | 1,967,825 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,940 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,436,457 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,436,457 |
TOTAL LIABILITIES | 1,440,397 |
Regular Reserve | 0 |
Other Reserves | 61,376 |
Undivided Earnings | 466,052 |
TOTAL EQUITY | 527,428 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,967,825 |
INCOME & EXPENSE | |
Loan Income | 61,203 |
Investment Income | 32,650 |
Other Income | 4,281 |
Total Employee Compensation & Benefits | 21,373 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 38,787 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,011 |
Cost of Funds | 11,929 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 24,034 |
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» See also Statement of Financial Condition