Dec, 31, 2023 — MIDWESTERN STATE UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $5.48 million in total assets. Opened 69 years ago in 1955, MIDWESTERN STATE UNIVERSITY CREDIT UNION has about 893 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: | MIDWESTERN STATE UNIVERSITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 3410 Taft Blvd WICHITA FALLS, TX 76308 |
| Phone: | (940) 397-4622 |
| Fax: | (940) 397-4621 |
| Website: | https://www.mwsucu.com |
| Branches: | 1 branch locations |
| Members: | 893 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67549 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,482,990 |
| CEO/Manager: | Renee D Hensley |
| Chairperson: | Clara Latham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 403,748 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 777,166 |
| Unsecured Loans | 196,347 |
| Other Loans | 1,719,951 |
| TOTAL LOANS | 2,693,464 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,397 |
| Land And Building | 0 |
| Other Fixed Assets | 1,874 |
| NCUSIF Deposit | 48,959 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,482,990 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,022 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,050 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 328,856 |
| Regular shares | 4,306,157 |
| All Other Shares & Deposits | 100,623 |
| TOTAL SHARES & DEPOSITS | 4,735,636 |
| TOTAL LIABILITIES | 4,752,708 |
| Regular Reserve | 0 |
| Other Reserves | 51,168 |
| Undivided Earnings | 679,114 |
| TOTAL EQUITY | 730,282 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,482,990 |
| INCOME & EXPENSE | |
| Loan Income | 134,666 |
| Investment Income | 72,349 |
| Other Income | 11,051 |
| Total Employee Compensation & Benefits | 132,024 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 87,060 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,733 |
| Cost of Funds | 4,137 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,835 |
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