Sep, 30, 2025 — MEMBERS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 7 branch locations and about $411.33 million in total assets. Opened 94 years ago in 1932, MEMBERS CHOICE CREDIT UNION has about 23,218 members and employs 85 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: | https://www.mccu.net |
| Branches: | 7 branch locations |
| Members: | 23,218 |
| 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: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $411,328,391 |
| CEO/Manager: | Jason A Suman |
| Chairperson: | DON NEIKIRK |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,172,316 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 177,339,491 |
| Unsecured Loans | 22,644,569 |
| Other Loans | 75,929,656 |
| TOTAL LOANS | 278,694,549 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,686,163 |
| Land And Building | 5,446,778 |
| Other Fixed Assets | 9,999,335 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,403,108 |
| All Other Assets | 618,864 |
| TOTAL ASSETS | 411,328,391 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 231,965 |
| Notes & Interest Payable | 7,600,000 |
| Accounts Payable & Other Liabilities | -1,192,750 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 36,342,170 |
| Regular shares | 103,630,874 |
| All Other Shares & Deposits | 230,915,663 |
| TOTAL SHARES & DEPOSITS | 370,888,707 |
| TOTAL LIABILITIES | 377,527,922 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 33,800,469 |
| TOTAL EQUITY | 33,800,469 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 411,328,391 |
| INCOME & EXPENSE | |
| Loan Income | 13,532,519 |
| Investment Income | 2,609,109 |
| Other Income | 3,201,862 |
| Total Employee Compensation & Benefits | 5,638,948 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,575,882 |
| Non-operating Income & (Expense) | 32,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,517,821 |
| Cost of Funds | 6,579,137 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,290,020 |
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