Mar, 31, 2021 — MY CREDIT UNION is a federally insured state chartered credit union headquartered in Haslet, TX with 5 branch locations and about $59.40 million in total assets. Opened 46 years ago in 1975, MY CREDIT UNION has about 6,789 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1090 Schoolhouse Rd suite 300 Haslet, TX 76052 |
| Phone: | (682) 257-4379 |
| Fax: | |
| Website: | http://www.mycutx.com |
| Branches: | 5 branch locations |
| Members: | 6,789 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68545 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1975 |
| Last Audited: | Nov 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,398,245 |
| CEO/Manager: | Mark Massey |
| Chairperson: | Tom Bober |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,266,050 |
| TOTAL INVESTMENTS | 21,910,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,936,734 |
| Unsecured Loans | 439,312 |
| Other Loans | 20,227,780 |
| TOTAL LOANS | 24,603,826 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -80,695 |
| Land And Building | 1,732,876 |
| Other Fixed Assets | 83,153 |
| NCUSIF Deposit | 473,800 |
| All Other Assets | 1,409,235 |
| TOTAL ASSETS | 59,398,245 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 879,790 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,157,669 |
| Regular shares | 35,024,892 |
| All Other Shares & Deposits | 4,387,245 |
| TOTAL SHARES & DEPOSITS | 54,569,806 |
| TOTAL LIABILITIES | 55,449,596 |
| Regular Reserve | 802,301 |
| Other Reserves | 0 |
| Undivided Earnings | 3,146,348 |
| TOTAL EQUITY | 3,948,649 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,398,245 |
| INCOME & EXPENSE | |
| Loan Income | 297,878 |
| Investment Income | 51,244 |
| Other Income | 168,830 |
| Total Employee Compensation & Benefits | 296,956 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 265,515 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 14,571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -55,387 |
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