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 |
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 |
↑ Back to Top |