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MEMBERS CHOICE CREDIT UNION

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.


ABA Routing Number: 242175528
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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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