Jun, 30, 2024 — MORTON CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH HUTCHINSON, KS with 1 branch location and about $5.49 million in total assets. Opened 84 years ago in 1941, MORTON CREDIT UNION has about 771 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MORTON CREDIT UNION |
|---|---|
| Address: (Main Office) | 121 Morton Dr SOUTH HUTCHINSON, KS 67505-1319 |
| Phone: | (620) 665-6792 |
| Fax: | (620) 665-6859 |
| Website: | https://mortoncu.com |
| Branches: | 1 branch locations |
| Members: | 771 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65466 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,492,265 |
| CEO/Manager: | Christina Gardner |
| Chairperson: | Pam Babcock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,895,769 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 414,581 |
| Other Loans | 1,707,047 |
| TOTAL LOANS | 2,121,628 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -64,960 |
| Land And Building | 3,317 |
| Other Fixed Assets | 46,297 |
| NCUSIF Deposit | 48,166 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,492,265 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 33 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 39,966 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 839,584 |
| Regular shares | 2,385,661 |
| All Other Shares & Deposits | 1,613,833 |
| TOTAL SHARES & DEPOSITS | 4,839,078 |
| TOTAL LIABILITIES | 4,879,077 |
| Regular Reserve | 0 |
| Other Reserves | 375,363 |
| Undivided Earnings | 237,825 |
| TOTAL EQUITY | 613,188 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,492,265 |
| INCOME & EXPENSE | |
| Loan Income | 113,773 |
| Investment Income | 10,593 |
| Other Income | 42,473 |
| Total Employee Compensation & Benefits | 76,731 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 127,200 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,000 |
| Cost of Funds | 6,018 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -23,489 |
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