Sep, 30, 2025 — MTCU CREDIT UNION is a federally insured state chartered credit union headquartered in MIDLAND, TX with 3 branch locations and about $134.98 million in total assets. Opened 71 years ago in 1955, MTCU CREDIT UNION has about 7,224 members and employs 33 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MTCU CREDIT UNION |
|---|---|
| Address: (Main Office) | 1505 N Midland Dr MIDLAND, TX 79703 |
| Phone: | (432) 688-7300 |
| Fax: | (432) 520-4850 |
| Website: | https://www.mtcu.org |
| Branches: | 3 branch locations |
| Members: | 7,224 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67642 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $134,983,238 |
| CEO/Manager: | Justin Marler |
| Chairperson: | Betty Merritt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,967,454 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,989,439 |
| Unsecured Loans | 12,719,831 |
| Other Loans | 37,099,060 |
| TOTAL LOANS | 82,808,330 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -447,678 |
| Land And Building | 4,901,180 |
| Other Fixed Assets | 1,121,307 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,177,794 |
| All Other Assets | 0 |
| TOTAL ASSETS | 134,983,238 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 35,753 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 516,684 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,323,609 |
| Regular shares | 53,372,684 |
| All Other Shares & Deposits | 38,583,460 |
| TOTAL SHARES & DEPOSITS | 120,279,753 |
| TOTAL LIABILITIES | 120,832,190 |
| Regular Reserve | 0 |
| Other Reserves | -2,524,040 |
| Undivided Earnings | 16,675,088 |
| TOTAL EQUITY | 14,151,048 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 134,983,238 |
| INCOME & EXPENSE | |
| Loan Income | 4,471,359 |
| Investment Income | 866,903 |
| Other Income | 1,275,738 |
| Total Employee Compensation & Benefits | 2,205,258 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,549,474 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 482,867 |
| Cost of Funds | 653,440 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 149,096 |
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