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.
| 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 |
| 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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