Sep, 30, 2025 — MCT CREDIT UNION is a non-federally insured state credit union headquartered in PORT NECHES, TX with 6 branch locations and about $383.42 million in total assets. Opened 73 years ago in 1953, MCT CREDIT UNION has about 21,822 members and employs 81 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MCT CREDIT UNION |
|---|---|
| Address: (Main Office) | 2736 Nall St PORT NECHES, TX 77651-5204 |
| Phone: | (409) 727-1446 |
| Fax: | (409) 724-3509 |
| Website: | https://www.mctcu.org |
| Branches: | 6 branch locations |
| Members: | 21,822 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97089 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $383,424,486 |
| CEO/Manager: | THAD ANGELLE |
| Chairperson: | DEBBIE NORRIS |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,496,741 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 160,440 |
| Real Estate Loans | 153,369,979 |
| Unsecured Loans | 16,824,516 |
| Other Loans | 73,164,503 |
| TOTAL LOANS | 243,465,188 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -791,209 |
| Land And Building | 10,832,538 |
| Other Fixed Assets | 1,240,136 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 69,233 |
| TOTAL ASSETS | 383,424,486 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 270,510 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,891,907 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 106,450,142 |
| Regular shares | 82,168,221 |
| All Other Shares & Deposits | 148,458,347 |
| TOTAL SHARES & DEPOSITS | 337,076,710 |
| TOTAL LIABILITIES | 348,239,127 |
| Regular Reserve | 0 |
| Other Reserves | -5,414,025 |
| Undivided Earnings | 40,599,384 |
| TOTAL EQUITY | 35,185,359 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 383,424,486 |
| INCOME & EXPENSE | |
| Loan Income | 10,116,452 |
| Investment Income | 2,500,436 |
| Other Income | 1,424,228 |
| Total Employee Compensation & Benefits | 5,734,085 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,236,749 |
| Non-operating Income & (Expense) | 384,341 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 295,583 |
| Cost of Funds | 2,966,668 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,011,314 |
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