Sep, 30, 2025 — MOUNTAIN CREDIT UNION is a federally insured state chartered credit union headquartered in WAYNESVILLE, NC with 7 branch locations and about $359.62 million in total assets. Opened 63 years ago in 1963, MOUNTAIN CREDIT UNION has about 31,082 members and employs 78 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNTAIN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1700 Russ Ave WAYNESVILLE, NC 28786 |
| Phone: | (828) 456-8627 |
| Fax: | |
| Website: | https://www.mountaincu.org |
| Branches: | 7 branch locations |
| Members: | 31,082 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68531 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $359,620,724 |
| CEO/Manager: | Amy Woody |
| Chairperson: | Joey Webb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 89,459,280 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 77,021,147 |
| Unsecured Loans | 20,791,385 |
| Other Loans | 103,412,563 |
| TOTAL LOANS | 201,868,434 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,579,269 |
| Land And Building | 11,095,021 |
| Other Fixed Assets | 1,867,443 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,024,931 |
| All Other Assets | 247,394 |
| TOTAL ASSETS | 359,620,724 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,309,191 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 66,738,352 |
| Regular shares | 136,401,195 |
| All Other Shares & Deposits | 114,035,502 |
| TOTAL SHARES & DEPOSITS | 317,175,049 |
| TOTAL LIABILITIES | 319,484,374 |
| Regular Reserve | 0 |
| Other Reserves | 2,899,739 |
| Undivided Earnings | 37,236,611 |
| TOTAL EQUITY | 40,136,350 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 359,620,724 |
| INCOME & EXPENSE | |
| Loan Income | 10,443,861 |
| Investment Income | 3,627,642 |
| Other Income | 3,214,869 |
| Total Employee Compensation & Benefits | 5,710,017 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,995,258 |
| Non-operating Income & (Expense) | -93,299 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,029,339 |
| Cost of Funds | 2,386,297 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,337,365 |
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