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MORTON CREDIT UNION

Mar, 31, 2022 — MORTON CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH HUTCHINSON, KS with 1 branch location and about $5.86 million in total assets. Opened 81 years ago in 1941, MORTON CREDIT UNION has about 817 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:http://mortoncu.com
Branches:1 branch locations
Members:817
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:$5,858,956
CEO/Manager:Christina Gardner
Chairperson:Pam Babcock

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,621,599
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 351,321
 Other Loans 1,829,351
 TOTAL LOANS 2,180,672
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -76,280
 Land And Building 4,222
 Other Fixed Assets 37,934
 NCUSIF Deposit 42,433
 All Other Assets 0
  TOTAL ASSETS 5,858,956
LIABILITIES & CAPITAL:  
 Dividends Payable 32
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 18,218
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 901,668
 Regular shares 2,593,492
 All Other Shares & Deposits 1,720,248
  TOTAL SHARES & DEPOSITS 5,215,408
  TOTAL LIABILITIES 5,233,658
 Regular Reserve 0
 Other Reserves 375,363
 Undivided Earnings 249,935
  TOTAL EQUITY 625,298
  TOTAL LIABILITIES, SHARES, & EQUITY 5,858,956
INCOME & EXPENSE  
 Loan Income 37,861
 Investment Income 579
 Other Income 11,990
 Total Employee Compensation & Benefits 23,912
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 41,849
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,000
 Cost of Funds 2,010
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -11,379
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