Dec, 31, 2023 — MY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MIDLAND, TX with 6 branch locations and about $493.71 million in total assets. Opened 72 years ago in 1952, MY COMMUNITY CREDIT UNION has about 41,464 members and employs 114 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 COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 600 W Louisiana Ave MIDLAND, TX 79701-1610 |
| Phone: | (432) 688-8400 |
| Fax: | |
| Website: | https://www.mccu.coop |
| Branches: | 6 branch locations |
| Members: | 41,464 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68682 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $493,711,582 |
| CEO/Manager: | Donna Neal |
| Chairperson: | Teresa DeShaw |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 41,707,827 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 76,093,054 |
| Unsecured Loans | 38,820,722 |
| Other Loans | 288,143,676 |
| TOTAL LOANS | 403,075,040 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,826,144 |
| Land And Building | 14,059,500 |
| Other Fixed Assets | 1,011,910 |
| NCUSIF Deposit | 3,968,363 |
| All Other Assets | 0 |
| TOTAL ASSETS | 493,711,582 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 448 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,534,440 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 115,316,628 |
| Regular shares | 181,881,407 |
| All Other Shares & Deposits | 141,428,699 |
| TOTAL SHARES & DEPOSITS | 438,626,733 |
| TOTAL LIABILITIES | 445,161,621 |
| Regular Reserve | 0 |
| Other Reserves | -1,718,581 |
| Undivided Earnings | 50,268,542 |
| TOTAL EQUITY | 48,549,961 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 493,711,582 |
| INCOME & EXPENSE | |
| Loan Income | 20,944,395 |
| Investment Income | 2,825,457 |
| Other Income | 10,922,895 |
| Total Employee Compensation & Benefits | 9,921,150 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,640,025 |
| Non-operating Income & (Expense) | 130,207 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,746,125 |
| Cost of Funds | 4,527,255 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,264,161 |
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