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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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