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MUNICIPAL EMPLOYEES CREDIT UNION (MECU)

Jun, 30, 2021 — MUNICIPAL EMPLOYEES CREDIT UNION (MECU) is a federally insured state chartered credit union headquartered in OKLAHOMA CITY, OK with 4 branch locations and about $169.12 million in total assets. Opened 87 years ago in 1934, MUNICIPAL EMPLOYEES CREDIT UNION (MECU) has about 10,790 members and employs 41 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MUNICIPAL EMPLOYEES CREDIT UNION
Address:
(Main Office)
101 N WALKER
OKLAHOMA CITY, OK 73102
Phone:(405) 813-5500
Fax:(405) 813-3019
Website:http://www.mecuokc.org
Branches:4 branch locations
Members:10,790
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:65503
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Jun 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$169,117,265
CEO/Manager:ERIC JONES
Chairperson:DAVID BOWMAN

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,669,064
TOTAL INVESTMENTS 6,753,588
Loans Held for Sale 0
 
 Real Estate Loans 51,983,252
 Unsecured Loans 8,916,484
 Other Loans 68,496,769
 TOTAL LOANS 129,396,505
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,007,710
 Land And Building 2,100,491
 Other Fixed Assets 366,602
 NCUSIF Deposit 1,363,649
 All Other Assets 1,475,076
  TOTAL ASSETS 169,117,265
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,640,808
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 43,511,093
 Regular shares 47,761,261
 All Other Shares & Deposits 57,379,269
  TOTAL SHARES & DEPOSITS 148,651,623
  TOTAL LIABILITIES 153,292,431
 Regular Reserve 1,943,739
 Other Reserves 363
 Undivided Earnings 13,880,732
  TOTAL EQUITY 15,824,834
  TOTAL LIABILITIES, SHARES, & EQUITY 169,117,265
INCOME & EXPENSE  
 Loan Income 2,663,795
 Investment Income 40,398
 Other Income 1,094,322
 Total Employee Compensation & Benefits 1,501,897
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,674,966
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 380,944
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 550,644
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