Dec, 31, 2023 — MSU FEDERAL CREDIT UNION is a federal credit union headquartered in MURRAY, KY with 1 branch location and about $22.41 million in total assets. Opened 46 years ago in 1978, MSU FEDERAL CREDIT UNION has about 2,058 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MSU FEDERAL CREDIT UNION |
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Address: (Main Office) | 202 General Services Building MURRAY, KY 42071-3368 |
Phone: | (270) 809-6666 |
Fax: | (270) 753-6301 |
Website: | https://murraystatecreditunion.com/ |
Branches: | 1 branch locations |
Members: | 2,058 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 22978 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,409,180 |
CEO/Manager: | Lydia Starks |
Chairperson: | Larry Guin |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,811,416 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 5,269,195 |
Unsecured Loans | 312,570 |
Other Loans | 6,936,139 |
TOTAL LOANS | 13,029,403 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -41,183 |
Land And Building | 331,738 |
Other Fixed Assets | 14,653 |
NCUSIF Deposit | 199,995 |
All Other Assets | 0 |
TOTAL ASSETS | 22,409,180 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,960 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 267,568 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,259,363 |
Regular shares | 13,807,275 |
All Other Shares & Deposits | 2,029,881 |
TOTAL SHARES & DEPOSITS | 20,096,519 |
TOTAL LIABILITIES | 20,375,047 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,034,133 |
TOTAL EQUITY | 2,034,133 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,409,180 |
INCOME & EXPENSE | |
Loan Income | 604,261 |
Investment Income | 135,882 |
Other Income | 107,341 |
Total Employee Compensation & Benefits | 295,667 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 293,942 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,000 |
Cost of Funds | 66,626 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 172,249 |
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