Jun, 30, 2024 — MARION AND POLK SCHOOLS CREDIT UNION is a federally insured state chartered credit union headquartered in SALEM, OR with 11 branch locations and about $1.30 billion in total assets. Opened 89 years ago in 1936, MARION AND POLK SCHOOLS CREDIT UNION has about 74,436 members and employs 317 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MARION AND POLK SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 451 Division St NE SALEM, OR 97301 |
| Phone: | (503) 588-0181 |
| Fax: | |
| Website: | https://www.mapscu.com |
| Branches: | 11 branch locations |
| Members: | 74,436 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64166 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,299,594,672 |
| CEO/Manager: | Mark Zook |
| Chairperson: | Joe Phillippay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 177,153,729 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 413,206,066 |
| Unsecured Loans | 39,834,557 |
| Other Loans | 467,138,100 |
| TOTAL LOANS | 920,213,705 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,855,615 |
| Land And Building | 31,337,290 |
| Other Fixed Assets | 5,478,438 |
| NCUSIF Deposit | 10,170,864 |
| All Other Assets | 82,569 |
| TOTAL ASSETS | 1,299,594,672 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,854,517 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 497,690,719 |
| Regular shares | 377,699,880 |
| All Other Shares & Deposits | 285,660,292 |
| TOTAL SHARES & DEPOSITS | 1,161,050,891 |
| TOTAL LIABILITIES | 1,181,905,408 |
| Regular Reserve | 0 |
| Other Reserves | -3,863,702 |
| Undivided Earnings | 121,552,966 |
| TOTAL EQUITY | 117,689,264 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,299,594,672 |
| INCOME & EXPENSE | |
| Loan Income | 24,956,315 |
| Investment Income | 3,245,428 |
| Other Income | 7,557,658 |
| Total Employee Compensation & Benefits | 19,978,215 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 19,751,342 |
| Non-operating Income & (Expense) | -98,245 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,436,198 |
| Cost of Funds | 758,923 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,215,464 |
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