Dec, 31, 2023 — MEMBER PREFERRED FEDERAL CREDIT UNION is a federal credit union headquartered in FORT WORTH, TX with 1 branch location and about $15.38 million in total assets. Opened 89 years ago in 1935, MEMBER PREFERRED FEDERAL CREDIT UNION has about 1,396 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: | https://www.memberpreferredfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,396 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $15,380,084 |
| CEO/Manager: | Misty D Miller |
| Chairperson: | James W Wilkinson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 807,533 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,352,955 |
| Other Loans | 12,551,358 |
| TOTAL LOANS | 13,904,313 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -89,787 |
| Land And Building | 536,073 |
| Other Fixed Assets | 27,038 |
| NCUSIF Deposit | 127,234 |
| All Other Assets | 0 |
| TOTAL ASSETS | 15,380,084 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,386 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 109,664 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 930,202 |
| Regular shares | 3,656,450 |
| All Other Shares & Deposits | 8,644,357 |
| TOTAL SHARES & DEPOSITS | 13,231,008 |
| TOTAL LIABILITIES | 13,367,342 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,012,742 |
| TOTAL EQUITY | 2,012,742 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 15,380,084 |
| INCOME & EXPENSE | |
| Loan Income | 824,385 |
| Investment Income | 18,580 |
| Other Income | 151,024 |
| Total Employee Compensation & Benefits | 365,934 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 377,558 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,875 |
| Cost of Funds | 292,106 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,139 |
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