MINGO COUNTY EDUCATION FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — MINGO COUNTY EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in Williamson, WV with 1 branch location and about $2.72 million in total assets. Opened 47 years ago in 1977, MINGO COUNTY EDUCATION FEDERAL CREDIT UNION has about 457 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MINGO COUNTY EDUCATION FEDERAL CREDIT UNION |
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Address: (Main Office) | Route 2, Box 310, Suite 1 Williamson, WV 25661 |
Phone: | (304) 239-0547 |
Fax: | (304) 239-0567 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 457 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22678 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1977 |
Last Audited: | Jan 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,722,852 |
CEO/Manager: | Donna Kauff |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 117,198 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,086,537 |
Other Loans | 1,527,991 |
TOTAL LOANS | 2,614,528 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,560 |
Land And Building | 0 |
Other Fixed Assets | 7 |
NCUSIF Deposit | 23,143 |
All Other Assets | 0 |
TOTAL ASSETS | 2,722,852 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 37,026 |
Accounts Payable & Other Liabilities | 1,348 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 759,283 |
All Other Shares & Deposits | 1,469,206 |
TOTAL SHARES & DEPOSITS | 2,228,489 |
TOTAL LIABILITIES | 2,266,863 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 455,989 |
TOTAL EQUITY | 455,989 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,722,852 |
INCOME & EXPENSE | |
Loan Income | 111,676 |
Investment Income | 277 |
Other Income | 656 |
Total Employee Compensation & Benefits | 67,414 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,381 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 14,367 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 26,447 |
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