Sep, 30, 2025 — MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MERCED, CA with 8 branch locations and about $853.86 million in total assets. Opened 72 years ago in 1954, MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION has about 50,449 members and employs 138 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERCED SCHOOL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1021 Olivewood Dr MERCED, CA 95348-1218 |
| Phone: | (209) 383-5550 |
| Fax: | (209) 383-4259 |
| Website: | https://www.mercedschoolcu.org |
| Branches: | 8 branch locations |
| Members: | 50,449 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9119 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $853,862,193 |
| CEO/Manager: | Nancy Deavours |
| Chairperson: | Terry Silva |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 97,973,608 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 120,044,077 |
| Unsecured Loans | 42,508,041 |
| Other Loans | 149,772,890 |
| TOTAL LOANS | 312,325,008 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,640,639 |
| Land And Building | 14,946,488 |
| Other Fixed Assets | 1,188,280 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,687,665 |
| All Other Assets | 152,820 |
| TOTAL ASSETS | 853,862,193 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,912,200 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 144,029,998 |
| Regular shares | 311,127,639 |
| All Other Shares & Deposits | 300,559,983 |
| TOTAL SHARES & DEPOSITS | 755,717,621 |
| TOTAL LIABILITIES | 760,629,821 |
| Regular Reserve | 0 |
| Other Reserves | 337,385 |
| Undivided Earnings | 92,894,987 |
| TOTAL EQUITY | 93,232,372 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 853,862,193 |
| INCOME & EXPENSE | |
| Loan Income | 14,417,062 |
| Investment Income | 11,607,707 |
| Other Income | 2,159,056 |
| Total Employee Compensation & Benefits | 8,464,157 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,821,420 |
| Non-operating Income & (Expense) | -25,074 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,939,700 |
| Cost of Funds | 6,776,130 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,218,035 |
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