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.
| 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 |
| 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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