Jun, 30, 2024 — MOUNTAINCREST CREDIT UNION is a federally insured state chartered credit union headquartered in ARLINGTON, WA with 2 branch locations and about $153.58 million in total assets. Opened 91 years ago in 1934, MOUNTAINCREST CREDIT UNION has about 9,894 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOUNTAINCREST CREDIT UNION |
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Address: (Main Office) | 3710 168TH ST NE STE A108 ARLINGTON, WA 98223-8462 |
Phone: | (360) 435-5400 |
Fax: | (360) 435-5558 |
Website: | https://www.mountaincrestcu.com |
Branches: | 2 branch locations |
Members: | 9,894 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68253 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $153,584,641 |
CEO/Manager: | Susan Webster |
Chairperson: | Bruce Landre |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,917,969 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,809,851 |
Unsecured Loans | 4,693,230 |
Other Loans | 64,721,534 |
TOTAL LOANS | 102,159,312 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -151,753 |
Land And Building | 2,872,678 |
Other Fixed Assets | 284,520 |
NCUSIF Deposit | 1,271,958 |
All Other Assets | 23,837 |
TOTAL ASSETS | 153,584,641 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 521,594 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,493,416 |
Regular shares | 64,094,109 |
All Other Shares & Deposits | 50,525,061 |
TOTAL SHARES & DEPOSITS | 139,112,586 |
TOTAL LIABILITIES | 139,634,180 |
Regular Reserve | 0 |
Other Reserves | -517,384 |
Undivided Earnings | 14,467,845 |
TOTAL EQUITY | 13,950,461 |
TOTAL LIABILITIES, SHARES, & EQUITY | 153,584,641 |
INCOME & EXPENSE | |
Loan Income | 2,982,060 |
Investment Income | 387,878 |
Other Income | 366,276 |
Total Employee Compensation & Benefits | 1,355,551 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,908,449 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,303 |
Cost of Funds | 101,796 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,157,028 |
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