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MORROW COUNTY FEDERAL CREDIT UNION

Mar, 31, 2021 — MORROW COUNTY FEDERAL CREDIT UNION is a federal credit union headquartered in MOUNT GILEAD, OH with 1 branch location and about $8.55 million in total assets. Opened 47 years ago in 1974, MORROW COUNTY FEDERAL CREDIT UNION has about 1,080 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)
P. O. BOX 148
MOUNT GILEAD, OH 43338-1032
Phone:(419) 946-5066
Fax:(419) 946-5529
Website:http://morrowcountyfcu.com
Branches:1 branch locations
Members:1,080
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:Jul 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$8,551,356
CEO/Manager:Sandra Counts
Chairperson:William Mills

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Insurance/Investment Sales
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,117,654
TOTAL INVESTMENTS 3,792,876
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 383,278
 Other Loans 3,203,032
 TOTAL LOANS 3,586,310
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -63,914
 Land And Building 25,717
 Other Fixed Assets 0
 NCUSIF Deposit 53,286
 All Other Assets 39,427
  TOTAL ASSETS 8,551,356
LIABILITIES & CAPITAL:  
 Dividends Payable 5,865
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 67,174
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 671,788
 Regular shares 6,406,622
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 7,078,410
  TOTAL LIABILITIES 7,151,449
 Regular Reserve 138,622
 Other Reserves 0
 Undivided Earnings 1,261,285
  TOTAL EQUITY 1,399,907
  TOTAL LIABILITIES, SHARES, & EQUITY 8,551,356
INCOME & EXPENSE  
 Loan Income 61,186
 Investment Income 9,391
 Other Income 3,973
 Total Employee Compensation & Benefits 33,387
 NCUSIF Premiums Expense 1,041
 Total Other Operating Expenses 20,571
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,000
 Cost of Funds 5,851
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,971
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