Jun, 30, 2024 — MARTIN COUNTY COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in LOOGOOTEE, IN with 1 branch location and about $17.48 million in total assets. Opened 77 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 |
|---|---|
| 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 |
|---|---|
| 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: | $17,478,245 |
| CEO/Manager: | Mike Hurt |
| Chairperson: | Donald Winginger |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 384,519 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,146,768 |
| Unsecured Loans | 46,328 |
| Other Loans | 2,909,675 |
| TOTAL LOANS | 15,102,771 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -95,715 |
| Land And Building | 50,647 |
| Other Fixed Assets | 8,198 |
| NCUSIF Deposit | 146,746 |
| All Other Assets | 0 |
| TOTAL ASSETS | 17,478,245 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,406 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,954,726 |
| Regular shares | 6,593,023 |
| All Other Shares & Deposits | 6,301,708 |
| TOTAL SHARES & DEPOSITS | 14,849,457 |
| TOTAL LIABILITIES | 14,856,863 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,621,382 |
| TOTAL EQUITY | 2,621,382 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,478,245 |
| INCOME & EXPENSE | |
| Loan Income | 465,170 |
| Investment Income | 14,337 |
| Other Income | 46,524 |
| Total Employee Compensation & Benefits | 138,792 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 108,016 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,440 |
| Cost of Funds | 92,081 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 176,702 |
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