Mar, 31, 2021 — MEMBER PREFERRED FEDERAL CREDIT UNION is a federal credit union headquartered in Fort Worth, TX with 1 branch location and about $16.59 million in total assets. Opened 86 years ago in 1935, MEMBER PREFERRED FEDERAL CREDIT UNION has about 1,320 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBER PREFERRED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 340 S Blue Mound Rd Ste 342 Fort Worth, TX 76131-1051 |
| Phone: | (817) 222-2288 |
| Fax: | (817) 222-2299 |
| Website: | http://www.memberpreferredfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,320 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 577 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,593,996 |
| CEO/Manager: | Misty D Miller |
| Chairperson: | James W Wilkinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,272,284 |
| TOTAL INVESTMENTS | 250,500 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,171,790 |
| Other Loans | 9,160,946 |
| TOTAL LOANS | 10,332,736 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,666 |
| Land And Building | 581,060 |
| Other Fixed Assets | 32,518 |
| NCUSIF Deposit | 107,572 |
| All Other Assets | 84,992 |
| TOTAL ASSETS | 16,593,996 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 16,272 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 147,463 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,053,327 |
| Regular shares | 4,658,951 |
| All Other Shares & Deposits | 8,958,803 |
| TOTAL SHARES & DEPOSITS | 14,671,081 |
| TOTAL LIABILITIES | 14,834,816 |
| Regular Reserve | 152,132 |
| Other Reserves | 0 |
| Undivided Earnings | 1,607,048 |
| TOTAL EQUITY | 1,759,180 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,593,996 |
| INCOME & EXPENSE | |
| Loan Income | 156,963 |
| Investment Income | 412 |
| Other Income | 24,482 |
| Total Employee Compensation & Benefits | 71,465 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 89,080 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,568 |
| Cost of Funds | 46,463 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,733 |
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