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MTC FEDERAL CREDIT UNION

Mar, 31, 2021 — MTC FEDERAL CREDIT UNION is a federal credit union headquartered in GREENVILLE, SC with 10 branch locations and about $244.78 million in total assets. Opened 45 years ago in 1976, MTC FEDERAL CREDIT UNION has about 17,026 members and employs 82 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: 053285173
Name:MTC FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 1944
GREENVILLE, SC 29602
Phone:(864) 908-3448
Fax:(864) 908-3448
Website:http://www.mtcfederal.com
Branches:10 branch locations
Members:17,026
Credit Union Type:Federal Credit Union
Charter Number:22520
Membership Type:Multiple common bond - Primarily transportation equipment
Corporate Credit Union:No
Year Opened:1976
Last Audited:Jun 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$244,779,331
CEO/Manager:William H Love
Chairperson:Marion M King

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 41,026,912
TOTAL INVESTMENTS 68,671,451
Loans Held for Sale 0
 
 Real Estate Loans 42,210,018
 Unsecured Loans 21,240,953
 Other Loans 63,080,342
 TOTAL LOANS 126,531,313
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -956,212
 Land And Building 1,094,345
 Other Fixed Assets 453,216
 NCUSIF Deposit 1,832,884
 All Other Assets 6,125,422
  TOTAL ASSETS 244,779,331
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,762,322
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 39,400,072
 Regular shares 72,249,419
 All Other Shares & Deposits 96,514,225
  TOTAL SHARES & DEPOSITS 208,163,716
  TOTAL LIABILITIES 211,926,038
 Regular Reserve 2,140,748
 Other Reserves 0
 Undivided Earnings 30,712,545
  TOTAL EQUITY 32,853,293
  TOTAL LIABILITIES, SHARES, & EQUITY 244,779,331
INCOME & EXPENSE  
 Loan Income 2,100,967
 Investment Income 242,614
 Other Income 261,642
 Total Employee Compensation & Benefits 1,501,977
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 884,136
 Non-operating Income & (Expense) 9,806
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 119,308
 Cost of Funds 224,553
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 639,711
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