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MARTIN COUNTY COOPERATIVE CREDIT UNION

Jun, 30, 2021 — MARTIN COUNTY COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in loogootee, IN with 1 branch location and about $16.74 million in total assets. Opened 73 years ago in 1948, MARTIN COUNTY COOPERATIVE CREDIT UNION has about 1,158 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
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:1,158
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67762
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1948
Last Audited:Nov 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$16,739,244
CEO/Manager:Mike Hurt
Chairperson:Donald Winginger

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,807,195
TOTAL INVESTMENTS 1,836,000
Loans Held for Sale 0
 
 Real Estate Loans 10,283,153
 Unsecured Loans 16,144
 Other Loans 2,635,693
 TOTAL LOANS 12,934,990
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -66,031
 Land And Building 54,194
 Other Fixed Assets 14,980
 NCUSIF Deposit 132,166
 All Other Assets 25,750
  TOTAL ASSETS 16,739,244
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,439
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,047,055
 Regular shares 6,008,609
 All Other Shares & Deposits 6,353,142
  TOTAL SHARES & DEPOSITS 14,408,806
  TOTAL LIABILITIES 14,411,245
 Regular Reserve 843,800
 Other Reserves 0
 Undivided Earnings 1,484,199
  TOTAL EQUITY 2,327,999
  TOTAL LIABILITIES, SHARES, & EQUITY 16,739,244
INCOME & EXPENSE  
 Loan Income 284,981
 Investment Income 3,241
 Other Income 19,579
 Total Employee Compensation & Benefits 94,655
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 73,135
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -4,505
 Cost of Funds 77,256
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 87,945
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