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MORTON CREDIT UNION

Dec, 31, 2021 — MORTON CREDIT UNION is a federally insured state chartered credit union headquartered in SOUTH HUTCHINSON, KS with 1 branch location and about $5.48 million in total assets. Opened 81 years ago in 1941, MORTON CREDIT UNION has about 819 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:819
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$5,480,256
CEO/Manager:Christina Gardner
Chairperson:Pam Babcock

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,392,303
TOTAL INVESTMENTS 816,834
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 393,751
 Other Loans 1,892,443
 TOTAL LOANS 2,286,194
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -82,904
 Land And Building 4,674
 Other Fixed Assets 4,526
 NCUSIF Deposit 42,433
 All Other Assets 16,196
  TOTAL ASSETS 5,480,256
LIABILITIES & CAPITAL:  
 Dividends Payable 38
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 26,908
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 828,032
 Regular shares 2,222,084
 All Other Shares & Deposits 1,766,516
  TOTAL SHARES & DEPOSITS 4,816,632
  TOTAL LIABILITIES 4,843,578
 Regular Reserve 84,688
 Other Reserves 375,363
 Undivided Earnings 176,627
  TOTAL EQUITY 636,678
  TOTAL LIABILITIES, SHARES, & EQUITY 5,480,256
INCOME & EXPENSE  
 Loan Income 178,226
 Investment Income 3,541
 Other Income 53,817
 Total Employee Compensation & Benefits 110,969
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 157,517
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 24,000
 Cost of Funds 7,839
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -16,069
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