Dec, 31, 2023 — MCPHERSON CO-OP CREDIT UNION is a federally insured state chartered credit union headquartered in MCPHERSON, KS with 1 branch location and about $43.80 million in total assets. Opened 78 years ago in 1946, MCPHERSON CO-OP CREDIT UNION has about 3,322 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MCPHERSON CO-OP CREDIT UNION |
|---|---|
| Address: (Main Office) | 1999 S Main St MCPHERSON, KS 67460-9400 |
| Phone: | (620) 241-9308 |
| Fax: | (620) 241-9396 |
| Website: | https://mcphersoncu.com |
| Branches: | 1 branch locations |
| Members: | 3,322 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65371 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Feb 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,800,305 |
| CEO/Manager: | Brenda Kliewer |
| Chairperson: | Audrey Miller |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 981,039 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,228,670 |
| Unsecured Loans | 1,543,253 |
| Other Loans | 17,809,415 |
| TOTAL LOANS | 37,581,338 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -47,856 |
| Land And Building | 2,659,300 |
| Other Fixed Assets | 58,734 |
| NCUSIF Deposit | 409,397 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,800,305 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 67,541 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,977,289 |
| Regular shares | 19,476,250 |
| All Other Shares & Deposits | 15,951,644 |
| TOTAL SHARES & DEPOSITS | 40,405,183 |
| TOTAL LIABILITIES | 40,472,724 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,327,581 |
| TOTAL EQUITY | 3,327,581 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,800,305 |
| INCOME & EXPENSE | |
| Loan Income | 1,839,465 |
| Investment Income | 36,276 |
| Other Income | 158,337 |
| Total Employee Compensation & Benefits | 749,614 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 810,767 |
| Non-operating Income & (Expense) | 32,315 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 31,493 |
| Cost of Funds | 512,249 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 99,803 |
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