Dec, 31, 2023 — MARTIN COUNTY COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in LOOGOOTEE, IN with 1 branch location and about $19.49 million in total assets. Opened 76 years ago in 1948, MARTIN COUNTY COOPERATIVE CREDIT UNION has about 1,170 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: | MARTIN COUNTY COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 201 mill st LOOGOOTEE, IN 47553 |
| Phone: | (812) 295-3484 |
| Fax: | (812) 295-5036 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 1,170 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67762 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Nov 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,488,880 |
| CEO/Manager: | Michael E Hurt |
| Chairperson: | John A Walker |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,154,181 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,453,878 |
| Unsecured Loans | 41,915 |
| Other Loans | 3,339,023 |
| TOTAL LOANS | 15,834,816 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -76,836 |
| Land And Building | 47,100 |
| Other Fixed Assets | 4,675 |
| NCUSIF Deposit | 148,707 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,488,880 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 7,494 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,626,118 |
| Regular shares | 5,183,227 |
| All Other Shares & Deposits | 9,653,645 |
| TOTAL SHARES & DEPOSITS | 16,462,990 |
| TOTAL LIABILITIES | 16,470,484 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,018,396 |
| TOTAL EQUITY | 3,018,396 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,488,880 |
| INCOME & EXPENSE | |
| Loan Income | 858,525 |
| Investment Income | 108,105 |
| Other Income | 36,483 |
| Total Employee Compensation & Benefits | 193,579 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 163,938 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -4,034 |
| Cost of Funds | 320,641 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 328,989 |
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