Dec, 31, 2023 — MUSKOGEE FEDERAL CREDIT UNION is a federal credit union headquartered in MUSKOGEE, OK with 3 branch locations and about $99.85 million in total assets. Opened 88 years ago in 1936, MUSKOGEE FEDERAL CREDIT UNION has about 8,393 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUSKOGEE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1910 W Shawnee St MUSKOGEE, OK 74401-2299 |
Phone: | (918) 683-3460 |
Fax: | (918) 684-3904 |
Website: | https://www.mfcuonline.org |
Branches: | 3 branch locations |
Members: | 8,393 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 946 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $99,853,536 |
CEO/Manager: | Dana S Brown |
Chairperson: | Paul Porter |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,370,617 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,343,942 |
Unsecured Loans | 1,452,457 |
Other Loans | 33,249,879 |
TOTAL LOANS | 37,046,280 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -169,870 |
Land And Building | 1,493,495 |
Other Fixed Assets | 122,139 |
NCUSIF Deposit | 944,662 |
All Other Assets | 38,193 |
TOTAL ASSETS | 99,853,536 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 256,934 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,464,626 |
Regular shares | 61,843,878 |
All Other Shares & Deposits | 5,366,206 |
TOTAL SHARES & DEPOSITS | 91,674,709 |
TOTAL LIABILITIES | 91,931,643 |
Regular Reserve | 0 |
Other Reserves | -1,453,349 |
Undivided Earnings | 9,375,242 |
TOTAL EQUITY | 7,921,893 |
TOTAL LIABILITIES, SHARES, & EQUITY | 99,853,536 |
INCOME & EXPENSE | |
Loan Income | 1,738,412 |
Investment Income | 1,486,634 |
Other Income | 1,170,452 |
Total Employee Compensation & Benefits | 1,670,030 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,375,541 |
Non-operating Income & (Expense) | 39,734 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,500 |
Cost of Funds | 271,327 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,193,668 |
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