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M O FEDERAL CREDIT UNION

Mar, 31, 2022 — M O FEDERAL CREDIT UNION is a federal credit union headquartered in HURON, SD with 2 branch locations and about $36.97 million in total assets. Opened 72 years ago in 1950, M O FEDERAL CREDIT UNION has about 1,796 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291479424
Name:M O FEDERAL CREDIT UNION
Address:
(Main Office)
1730 Dakota Ave S
HURON, SD 57350
Phone:(605) 353-9977
Fax:(605) 353-1732
Website:http://m-ofcu.com
Branches:2 branch locations
Members:1,796
Credit Union Type:Federal Credit Union
Charter Number:7020
Membership Type:Multiple common bond - Primarily federal, state, local government
Corporate Credit Union:No
Year Opened:1950
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$36,970,601
CEO/Manager:Gail L Broer
Chairperson:Ronald Russell

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 770,709
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 11,677,440
 Unsecured Loans 1,152,170
 Other Loans 7,726,873
 TOTAL LOANS 20,556,483
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -71,932
 Land And Building 419,232
 Other Fixed Assets 12,253
 NCUSIF Deposit 284,286
 All Other Assets 0
  TOTAL ASSETS 36,970,601
LIABILITIES & CAPITAL:  
 Dividends Payable 8,038
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 468,096
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,810,677
 Regular shares 18,020,738
 All Other Shares & Deposits 6,232,905
  TOTAL SHARES & DEPOSITS 32,064,320
  TOTAL LIABILITIES 32,540,454
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 4,430,147
  TOTAL EQUITY 4,430,147
  TOTAL LIABILITIES, SHARES, & EQUITY 36,970,601
INCOME & EXPENSE  
 Loan Income 177,457
 Investment Income 29,891
 Other Income 15,771
 Total Employee Compensation & Benefits 152,910
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 75,862
 Non-operating Income & (Expense) -492
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 14,262
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 26,682
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