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National Credit Union Service Organization

M O FEDERAL CREDIT UNION

Dec, 31, 2020 — M O FEDERAL CREDIT UNION is a federal credit union headquartered in Huron, SD with 2 branch locations and about $33.17 million in total assets. Opened 71 years ago in 1950, M O FEDERAL CREDIT UNION has about 2,042 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:2,042
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$33,165,051
CEO/Manager:Gail L Broer
Chairperson:Ronald Russell

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,136,524
TOTAL INVESTMENTS 11,744,533
Loans Held for Sale 0
 
 Real Estate Loans 10,155,972
 Unsecured Loans 1,455,165
 Other Loans 7,994,133
 TOTAL LOANS 19,605,270
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -71,932
 Land And Building 382,457
 Other Fixed Assets 15,618
 NCUSIF Deposit 247,649
 All Other Assets 104,932
  TOTAL ASSETS 33,165,051
LIABILITIES & CAPITAL:  
 Dividends Payable 17,487
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 124,104
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,774,788
 Regular shares 14,834,618
 All Other Shares & Deposits 6,272,498
  TOTAL SHARES & DEPOSITS 28,881,904
  TOTAL LIABILITIES 29,023,495
 Regular Reserve 337,832
 Other Reserves 0
 Undivided Earnings 3,803,724
  TOTAL EQUITY 4,141,556
  TOTAL LIABILITIES, SHARES, & EQUITY 33,165,051
INCOME & EXPENSE  
 Loan Income 865,903
 Investment Income 160,879
 Other Income 131,909
 Total Employee Compensation & Benefits 572,347
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 281,840
 Non-operating Income & (Expense) -903
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 146,340
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 157,261
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