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MEMBERS CHOICE CREDIT UNION

Dec, 31, 2023 — MEMBERS CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in ASHLAND, KY with 9 branch locations and about $402.45 million in total assets. Opened 92 years ago in 1932, MEMBERS CHOICE CREDIT UNION has about 24,342 members and employs 84 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 242175528
Name:MEMBERS CHOICE CREDIT UNION
Address:
(Main Office)
145 RUSSELL RD
ASHLAND, KY 41101
Phone:(606) 329-7876
Fax:
Website:https://www.mccu.net
Branches:9 branch locations
Members:24,342
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62026
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1932
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$402,454,826
CEO/Manager:Jason A Suman
Chairperson:DON NEIKIRK

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 13,081,228
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 144,174,570
 Unsecured Loans 36,052,739
 Other Loans 82,010,844
 TOTAL LOANS 262,238,153
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -814,441
 Land And Building 5,243,660
 Other Fixed Assets 8,377,757
 NCUSIF Deposit 3,456,200
 All Other Assets 0
  TOTAL ASSETS 402,454,826
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 9,500,000
 Accounts Payable & Other Liabilities 781,608
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 31,458,600
 Regular shares 88,376,249
 All Other Shares & Deposits 243,730,261
  TOTAL SHARES & DEPOSITS 363,565,110
  TOTAL LIABILITIES 373,846,718
 Regular Reserve 0
 Other Reserves -899,163
 Undivided Earnings 29,507,271
  TOTAL EQUITY 28,608,108
  TOTAL LIABILITIES, SHARES, & EQUITY 402,454,826
INCOME & EXPENSE  
 Loan Income 14,069,205
 Investment Income 3,589,481
 Other Income 3,882,328
 Total Employee Compensation & Benefits 6,799,125
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,716,693
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,066,992
 Cost of Funds 7,428,059
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,924,415
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