Dec, 31, 2022 — MERITRUST FEDERAL CREDIT UNION is a federal credit union headquartered in WICHITA, KS with 14 branch locations and about $1.80 billion in total assets. Opened 88 years ago in 1935, MERITRUST FEDERAL CREDIT UNION has about 116,744 members and employs 365 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERITRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 151 N Main St WICHITA, KS 67202 |
| Phone: | (316) 683-1199 |
| Fax: | |
| Website: | https://www.meritrustcu.org |
| Branches: | 14 branch locations |
| Members: | 116,744 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24914 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation equipment |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,802,458,257 |
| CEO/Manager: | James Nastars |
| Chairperson: | Steve Dunn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 87,719,565 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 864,525 |
| Real Estate Loans | 592,792,688 |
| Unsecured Loans | 40,372,797 |
| Other Loans | 877,848,396 |
| TOTAL LOANS | 1,511,013,881 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,640,209 |
| Land And Building | 40,805,216 |
| Other Fixed Assets | 5,451,578 |
| NCUSIF Deposit | 13,436,477 |
| All Other Assets | 1,785,705 |
| TOTAL ASSETS | 1,802,458,257 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 176,000,000 |
| Accounts Payable & Other Liabilities | 23,843,605 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 279,707,924 |
| Regular shares | 284,636,114 |
| All Other Shares & Deposits | 885,329,002 |
| TOTAL SHARES & DEPOSITS | 1,449,673,040 |
| TOTAL LIABILITIES | 1,649,516,645 |
| Regular Reserve | 0 |
| Other Reserves | 5,207,903 |
| Undivided Earnings | 147,733,709 |
| TOTAL EQUITY | 152,941,612 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,802,458,257 |
| INCOME & EXPENSE | |
| Loan Income | 50,070,289 |
| Investment Income | 6,114,028 |
| Other Income | 9,778,044 |
| Total Employee Compensation & Benefits | 24,684,462 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,455,445 |
| Non-operating Income & (Expense) | -257,288 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,010,000 |
| Cost of Funds | 7,631,758 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,227,382 |
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