Jun, 30, 2024 — MT CARMEL CHURCH FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 1 branch location and about $4.65 million in total assets. Opened 70 years ago in 1954, MT CARMEL CHURCH FEDERAL CREDIT UNION has about 895 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MT CARMEL CHURCH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 8951 Ruthby St Ste 4A HOUSTON, TX 77061 |
| Phone: | (713) 641-1954 |
| Fax: | (713) 645-6181 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 895 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9807 |
|---|---|
| Membership Type: | Associational - Religious, other than those designated 'low-income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $4,649,116 |
| CEO/Manager: | Stephanie A Martin |
| Chairperson: | Vincent A Ornelas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 300,944 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 70,596 |
| Other Loans | 1,666,398 |
| TOTAL LOANS | 1,736,994 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,104 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 41,357 |
| All Other Assets | 0 |
| TOTAL ASSETS | 4,649,116 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 758 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,257 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 3,684,147 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 3,684,147 |
| TOTAL LIABILITIES | 3,697,162 |
| Regular Reserve | 0 |
| Other Reserves | 73,240 |
| Undivided Earnings | 878,714 |
| TOTAL EQUITY | 951,954 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,649,116 |
| INCOME & EXPENSE | |
| Loan Income | 80,380 |
| Investment Income | 7,076 |
| Other Income | 1,982 |
| Total Employee Compensation & Benefits | 67,417 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 47,676 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,299 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -13,609 |
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