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MORROW COUNTY FEDERAL CREDIT UNION

Mar, 31, 2022 — MORROW COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNT GILEAD, OH with 1 branch location and about $8.81 million in total assets. Opened 48 years ago in 1974, MORROW COUNTY FEDERAL CREDIT UNION has about 1,088 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 244180566
Name:MORROW COUNTY FEDERAL CREDIT UNION
Address:
(Main Office)
800 W Marion Rd
MOUNT GILEAD, OH 43338-1032
Phone:(419) 946-5066
Fax:(419) 946-5529
Website:http://morrowcountyfcu.com
Branches:1 branch locations
Members:1,088
Credit Union Type:Federal Credit Union
Charter Number:21606
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1974
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$8,806,946
CEO/Manager:Tonya L Coder
Chairperson:William Mills

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 706,080
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 382,892
 Other Loans 3,632,169
 TOTAL LOANS 4,015,061
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -73,710
 Land And Building 22,852
 Other Fixed Assets 8,257
 NCUSIF Deposit 63,805
 All Other Assets 0
  TOTAL ASSETS 8,806,946
LIABILITIES & CAPITAL:  
 Dividends Payable 6,315
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 47,499
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 671,180
 Regular shares 6,665,505
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,336,685
  TOTAL LIABILITIES 7,390,499
 Regular Reserve 0
 Other Reserves 138,621
 Undivided Earnings 1,277,826
  TOTAL EQUITY 1,416,447
  TOTAL LIABILITIES, SHARES, & EQUITY 8,806,946
INCOME & EXPENSE  
 Loan Income 69,098
 Investment Income 7,174
 Other Income 4,452
 Total Employee Compensation & Benefits 38,743
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 24,053
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 6,269
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 11,804
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