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MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION

Dec, 31, 2020 — MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION is a federal credit union headquartered in Bluefield, WV with 1 branch location and about $13.96 million in total assets. Opened 67 years ago in 1954, MERCER COUNTY W VA TEACHERS FEDERAL CREDIT UNION has about 2,085 members and employs 4 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)
P.O. Box 1294
Bluefield, WV 24701-9672
Phone:(304) 323-3732
Fax:(304) 324-0163
Website:http://www.mctfcu.virtualcu.net
Branches:1 branch locations
Members:2,085
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:Feb 01, 2019
FHLB Member:No
Low Income Designation:No
Assets:$13,964,675
CEO/Manager:Timothy W Dillon
Chairperson:Douglas Hale

Call Report

  • Risk Based Loans
  • ATM/Debit Card Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,838,991
TOTAL INVESTMENTS 139,295
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 0
 Other Loans 10,969,868
 TOTAL LOANS 10,969,868
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -94,629
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 107,648
 All Other Assets 3,502
  TOTAL ASSETS 13,964,675
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 39,359
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 926,879
 Regular shares 6,659,349
 All Other Shares & Deposits 5,008,281
  TOTAL SHARES & DEPOSITS 12,594,509
  TOTAL LIABILITIES 12,633,868
 Regular Reserve 60,715
 Other Reserves 0
 Undivided Earnings 1,270,092
  TOTAL EQUITY 1,330,807
  TOTAL LIABILITIES, SHARES, & EQUITY 13,964,675
INCOME & EXPENSE  
 Loan Income 669,738
 Investment Income 8,374
 Other Income 36,487
 Total Employee Compensation & Benefits 240,613
 NCUSIF Premiums Expense 18,226
 Total Other Operating Expenses 147,147
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 101,206
 Cost of Funds 123,341
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 84,066
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