Dec, 31, 2023 — MTC FEDERAL CREDIT UNION is a federal credit union headquartered in GREENVILLE, SC with 8 branch locations and about $276.94 million in total assets. Opened 48 years ago in 1976, MTC FEDERAL CREDIT UNION has about 17,088 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MTC FEDERAL CREDIT UNION |
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Address: (Main Office) | 201 Brookfield Pkwy GREENVILLE, SC 29607-5744 |
Phone: | (864) 908-3400 |
Fax: | |
Website: | https://www.mtcfederal.com |
Branches: | 8 branch locations |
Members: | 17,088 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22520 |
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Membership Type: | Multiple common bond - Primarily transportation equipment |
Corporate Credit Union: | No |
Year Opened: | 1976 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $276,940,174 |
CEO/Manager: | William H Love |
Chairperson: | Marion M King |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,037,165 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 62,382,956 |
Unsecured Loans | 28,666,175 |
Other Loans | 73,894,667 |
TOTAL LOANS | 164,943,798 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,254,570 |
Land And Building | 5,168,028 |
Other Fixed Assets | 1,024,600 |
NCUSIF Deposit | 2,100,707 |
All Other Assets | 142,235 |
TOTAL ASSETS | 276,940,174 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 20,000,000 |
Accounts Payable & Other Liabilities | 5,479,957 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,089,015 |
Regular shares | 57,296,386 |
All Other Shares & Deposits | 121,806,358 |
TOTAL SHARES & DEPOSITS | 214,191,758 |
TOTAL LIABILITIES | 239,671,715 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 37,268,459 |
TOTAL EQUITY | 37,268,459 |
TOTAL LIABILITIES, SHARES, & EQUITY | 276,940,174 |
INCOME & EXPENSE | |
Loan Income | 11,593,489 |
Investment Income | 2,528,356 |
Other Income | 1,491,903 |
Total Employee Compensation & Benefits | 6,453,873 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,787,070 |
Non-operating Income & (Expense) | -64,410 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,312,607 |
Cost of Funds | 3,660,470 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,210,371 |
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