Dec, 31, 2023 — MARTIN COUNTY COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in LOOGOOTEE, IN with 1 branch location and about $19.49 million in total assets. Opened 76 years ago in 1948, MARTIN COUNTY COOPERATIVE CREDIT UNION has about 1,170 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MARTIN COUNTY COOPERATIVE CREDIT UNION |
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Address: (Main Office) | 201 mill st LOOGOOTEE, IN 47553 |
Phone: | (812) 295-3484 |
Fax: | (812) 295-5036 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 1,170 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67762 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $19,488,880 |
CEO/Manager: | Michael E Hurt |
Chairperson: | John A Walker |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,154,181 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 12,453,878 |
Unsecured Loans | 41,915 |
Other Loans | 3,339,023 |
TOTAL LOANS | 15,834,816 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,836 |
Land And Building | 47,100 |
Other Fixed Assets | 4,675 |
NCUSIF Deposit | 148,707 |
All Other Assets | 0 |
TOTAL ASSETS | 19,488,880 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 7,494 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,626,118 |
Regular shares | 5,183,227 |
All Other Shares & Deposits | 9,653,645 |
TOTAL SHARES & DEPOSITS | 16,462,990 |
TOTAL LIABILITIES | 16,470,484 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 3,018,396 |
TOTAL EQUITY | 3,018,396 |
TOTAL LIABILITIES, SHARES, & EQUITY | 19,488,880 |
INCOME & EXPENSE | |
Loan Income | 858,525 |
Investment Income | 108,105 |
Other Income | 36,483 |
Total Employee Compensation & Benefits | 193,579 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 163,938 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,034 |
Cost of Funds | 320,641 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 328,989 |
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» See also Statement of Financial Condition