Jun, 30, 2024 — MORROW COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNT GILEAD, OH with 1 branch location and about $8.95 million in total assets. Opened 51 years ago in 1974, MORROW COUNTY FEDERAL CREDIT UNION has about 1,073 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.
Name: | MORROW COUNTY FEDERAL CREDIT UNION |
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Address: (Main Office) | 800 W Marion Rd MOUNT GILEAD, OH 43338-1032 |
Phone: | (419) 946-5066 |
Fax: | (419) 946-5529 |
Website: | https://morrowcountyfcu.com |
Branches: | 1 branch locations |
Members: | 1,073 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21606 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1974 |
Last Audited: | Jul 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $8,945,100 |
CEO/Manager: | Tonya L Coder |
Chairperson: | William Mills |
ASSETS: | $ Amount |
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Cash & Equivalents | 614,099 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 405,394 |
Other Loans | 4,100,780 |
TOTAL LOANS | 4,506,174 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -68,718 |
Land And Building | 21,420 |
Other Fixed Assets | 7,512 |
NCUSIF Deposit | 70,539 |
All Other Assets | 0 |
TOTAL ASSETS | 8,945,100 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,466 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 44,122 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 688,848 |
Regular shares | 6,748,127 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,436,975 |
TOTAL LIABILITIES | 7,486,563 |
Regular Reserve | 0 |
Other Reserves | 138,622 |
Undivided Earnings | 1,319,915 |
TOTAL EQUITY | 1,458,537 |
TOTAL LIABILITIES, SHARES, & EQUITY | 8,945,100 |
INCOME & EXPENSE | |
Loan Income | 217,246 |
Investment Income | 23,851 |
Other Income | 14,834 |
Total Employee Compensation & Benefits | 98,970 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 85,856 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 17,531 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 53,893 |
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