Sep, 30, 2025 — MOREHEAD COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in MOREHEAD, KY with 1 branch location and about $61.76 million in total assets. Opened 48 years ago in 1978, MOREHEAD COMMUNITY FEDERAL CREDIT UNION has about 4,388 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOREHEAD COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 503 W Main St MOREHEAD, KY 40351-1539 |
| Phone: | (606) 784-2201 |
| Fax: | (606) 784-2202 |
| Website: | https://www.moreheadcommunity.com |
| Branches: | 1 branch locations |
| Members: | 4,388 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23070 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $61,761,076 |
| CEO/Manager: | Mike Alcorn |
| Chairperson: | Darrell Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,328,044 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,980,641 |
| Unsecured Loans | 1,824,390 |
| Other Loans | 18,201,743 |
| TOTAL LOANS | 28,006,773 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -227,282 |
| Land And Building | 529,922 |
| Other Fixed Assets | 122,146 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 473,249 |
| All Other Assets | 49,984 |
| TOTAL ASSETS | 61,761,076 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 253,405 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,842,110 |
| Regular shares | 17,415,689 |
| All Other Shares & Deposits | 28,335,175 |
| TOTAL SHARES & DEPOSITS | 53,592,976 |
| TOTAL LIABILITIES | 53,850,381 |
| Regular Reserve | 0 |
| Other Reserves | -53,218 |
| Undivided Earnings | 7,963,913 |
| TOTAL EQUITY | 7,910,695 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 61,761,076 |
| INCOME & EXPENSE | |
| Loan Income | 1,411,801 |
| Investment Income | 882,944 |
| Other Income | 445,828 |
| Total Employee Compensation & Benefits | 647,544 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 531,526 |
| Non-operating Income & (Expense) | -2,957 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,000 |
| Cost of Funds | 788,510 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 765,167 |
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