Mar, 31, 2022 — MEMBERS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 6 branch locations and about $344.92 million in total assets. Opened 90 years ago in 1932, MEMBERS CHOICE CREDIT UNION has about 21,310 members and employs 65 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 145 RUSSELL RD ASHLAND, KY 41101 |
| Phone: | (606) 329-7876 |
| Fax: | |
| Website: | http://www.mccu.net |
| Branches: | 6 branch locations |
| Members: | 21,310 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62026 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Apr 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $344,918,139 |
| CEO/Manager: | CHERYL R DEBORDE |
| Chairperson: | DON NEIKIRK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 68,745,676 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 110,495,513 |
| Unsecured Loans | 21,962,951 |
| Other Loans | 58,911,479 |
| TOTAL LOANS | 191,369,943 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,136,212 |
| Land And Building | 5,342,224 |
| Other Fixed Assets | 1,323,967 |
| NCUSIF Deposit | 2,705,802 |
| All Other Assets | 0 |
| TOTAL ASSETS | 344,918,139 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 73,966 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 463,455 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,771,253 |
| Regular shares | 112,771,270 |
| All Other Shares & Deposits | 172,738,185 |
| TOTAL SHARES & DEPOSITS | 314,280,708 |
| TOTAL LIABILITIES | 314,818,129 |
| Regular Reserve | 0 |
| Other Reserves | 200,578 |
| Undivided Earnings | 29,899,432 |
| TOTAL EQUITY | 30,100,010 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 344,918,139 |
| INCOME & EXPENSE | |
| Loan Income | 2,402,157 |
| Investment Income | 249,102 |
| Other Income | 803,720 |
| Total Employee Compensation & Benefits | 1,272,233 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,254,891 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 27,136 |
| Cost of Funds | 623,816 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 341,472 |
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