Dec, 31, 2023 — MOWER COUNTY CATHOLIC PARISHES CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, MN with 1 branch location and about $7.15 million in total assets. Opened 89 years ago in 1935, MOWER COUNTY CATHOLIC PARISHES CREDIT UNION has about 989 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: | MOWER COUNTY CATHOLIC PARISHES CREDIT UNION |
|---|---|
| Address: (Main Office) | 307 1/2 5th St NW AUSTIN, MN 55912 |
| Phone: | (507) 433-4608 |
| Fax: | (507) 433-3143 |
| Website: | https://www.mccpcu.com |
| Branches: | 1 branch locations |
| Members: | 989 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63258 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jan 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,148,877 |
| CEO/Manager: | Jessica L Johnson |
| Chairperson: | Stephen J Holtorf |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 469,189 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 799,478 |
| Other Loans | 4,211,334 |
| TOTAL LOANS | 5,010,811 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,872 |
| Land And Building | 10,000 |
| Other Fixed Assets | 18,662 |
| NCUSIF Deposit | 59,588 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,148,877 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,633 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,468 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 4,199,835 |
| All Other Shares & Deposits | 1,770,861 |
| TOTAL SHARES & DEPOSITS | 5,970,696 |
| TOTAL LIABILITIES | 5,978,797 |
| Regular Reserve | 0 |
| Other Reserves | 92,783 |
| Undivided Earnings | 1,077,297 |
| TOTAL EQUITY | 1,170,080 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,148,877 |
| INCOME & EXPENSE | |
| Loan Income | 271,207 |
| Investment Income | 62,789 |
| Other Income | 11,120 |
| Total Employee Compensation & Benefits | 101,158 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 96,153 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 18,297 |
| Cost of Funds | 56,355 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 75,501 |
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