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MARTIN COUNTY COOPERATIVE CREDIT UNION

Mar, 31, 2022 — MARTIN COUNTY COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in LOOGOOTEE, IN with 1 branch location and about $17.82 million in total assets. Opened 74 years ago in 1948, MARTIN COUNTY COOPERATIVE CREDIT UNION has about 1,160 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:1,160
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$17,816,765
CEO/Manager:Mike Hurt
Chairperson:Donald Winginger

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,643,225
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 10,811,625
 Unsecured Loans 37,720
 Other Loans 2,692,115
 TOTAL LOANS 13,541,460
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -90,000
 Land And Building 52,066
 Other Fixed Assets 11,963
 NCUSIF Deposit 132,166
 All Other Assets 0
  TOTAL ASSETS 17,816,765
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 8,481
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,204,748
 Regular shares 6,676,070
 All Other Shares & Deposits 6,420,686
  TOTAL SHARES & DEPOSITS 15,301,504
  TOTAL LIABILITIES 15,309,985
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,506,780
  TOTAL EQUITY 2,506,780
  TOTAL LIABILITIES, SHARES, & EQUITY 17,816,765
INCOME & EXPENSE  
 Loan Income 153,496
 Investment Income 2,411
 Other Income 25,559
 Total Employee Compensation & Benefits 46,082
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 33,671
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 9,240
 Cost of Funds 30,373
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 62,100
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