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MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2023 — MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in BLUEFIELD, WV with 1 branch location and about $22.09 million in total assets. Opened 70 years ago in 1954, MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION has about 2,457 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.


Name:MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION
Address:
(Main Office)
258 Blue Prince Rd Ste 102
BLUEFIELD, WV 24701-9672
Phone:(304) 323-3732
Fax:(304) 324-0163
Website:https://www.mctfcu.virtualcu.net
Branches:1 branch locations
Members:2,457
Credit Union Type:Federal Credit Union
Charter Number:9413
Membership Type:Multiple common bond - Primarily educational
Corporate Credit Union:No
Year Opened:1954
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$22,085,199
CEO/Manager:Timothy W Dillon
Chairperson:Paula Brinkley-Simpkins

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,442,146
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 2,442,323
 Other Loans 16,182,027
 TOTAL LOANS 18,624,351
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -194,545
 Land And Building 0
 Other Fixed Assets 2,344
 NCUSIF Deposit 171,662
 All Other Assets 0
  TOTAL ASSETS 22,085,199
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 74,914
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,164,459
 Regular shares 8,128,043
 All Other Shares & Deposits 10,712,550
  TOTAL SHARES & DEPOSITS 20,005,052
  TOTAL LIABILITIES 20,079,966
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,005,233
  TOTAL EQUITY 2,005,233
  TOTAL LIABILITIES, SHARES, & EQUITY 22,085,199
INCOME & EXPENSE  
 Loan Income 1,068,685
 Investment Income 86,764
 Other Income 29,529
 Total Employee Compensation & Benefits 294,100
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 225,129
 Non-operating Income & (Expense) 21,418
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 97,506
 Cost of Funds 280,829
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 308,832
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