Dec, 31, 2023 — MATAGORDA COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in BAY CITY, TX with 1 branch location and about $34.47 million in total assets. Opened 63 years ago in 1961, MATAGORDA COUNTY CREDIT UNION has about 2,470 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MATAGORDA COUNTY CREDIT UNION |
---|---|
Address: (Main Office) | 3700 Avenue F BAY CITY, TX 77414 |
Phone: | (979) 245-8674 |
Fax: | (979) 245-1526 |
Website: | https://matagordaccu.com |
Branches: | 1 branch locations |
Members: | 2,470 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67545 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $34,466,104 |
CEO/Manager: | Mindy Neel |
Chairperson: | ROBERT REED |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 4,986,728 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,637,612 |
Unsecured Loans | 904,555 |
Other Loans | 10,074,106 |
TOTAL LOANS | 15,616,273 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -36,487 |
Land And Building | 253,624 |
Other Fixed Assets | 16,102 |
NCUSIF Deposit | 310,484 |
All Other Assets | 0 |
TOTAL ASSETS | 34,466,104 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 173,646 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,735,651 |
Regular shares | 20,783,460 |
All Other Shares & Deposits | 4,090,472 |
TOTAL SHARES & DEPOSITS | 29,609,583 |
TOTAL LIABILITIES | 29,783,229 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,682,875 |
TOTAL EQUITY | 4,682,875 |
TOTAL LIABILITIES, SHARES, & EQUITY | 34,466,104 |
INCOME & EXPENSE | |
Loan Income | 623,467 |
Investment Income | 505,761 |
Other Income | 172,140 |
Total Employee Compensation & Benefits | 317,220 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 491,789 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,000 |
Cost of Funds | 121,167 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 509,500 |
↑ Back to Top |
» See also Statement of Financial Condition