Dec, 31, 2023 — MISSOURI ELECTRIC COOPERATIVES EMPL CREDIT UNION is a federally insured state chartered credit union headquartered in JEFFERSON CITY, MO with 1 branch location and about $312.97 million in total assets. Opened 49 years ago in 1975, MISSOURI ELECTRIC COOPERATIVES EMPL CREDIT UNION has about 12,924 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MISSOURI ELECTRIC COOPERATIVES EMPL CREDIT UNION |
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Address: (Main Office) | 2722 E McCarty St JEFFERSON CITY, MO 65101-4428 |
Phone: | (573) 634-2595 |
Fax: | (573) 635-9781 |
Website: | https://www.mececu.com |
Branches: | 1 branch locations |
Members: | 12,924 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67739 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1975 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $312,966,634 |
CEO/Manager: | Randy L Marks |
Chairperson: | Matthew Sharp |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,148,549 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 553,000 |
Real Estate Loans | 116,849,041 |
Unsecured Loans | 11,702,579 |
Other Loans | 84,345,144 |
TOTAL LOANS | 212,896,764 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -111,722 |
Land And Building | 0 |
Other Fixed Assets | 632,411 |
NCUSIF Deposit | 2,399,580 |
All Other Assets | 0 |
TOTAL ASSETS | 312,966,634 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 436,200 |
Notes & Interest Payable | 23,500,000 |
Accounts Payable & Other Liabilities | 1,856,730 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,116,172 |
Regular shares | 99,253,739 |
All Other Shares & Deposits | 138,215,785 |
TOTAL SHARES & DEPOSITS | 263,585,696 |
TOTAL LIABILITIES | 289,378,626 |
Regular Reserve | 0 |
Other Reserves | -10,814,078 |
Undivided Earnings | 34,402,086 |
TOTAL EQUITY | 23,588,008 |
TOTAL LIABILITIES, SHARES, & EQUITY | 312,966,634 |
INCOME & EXPENSE | |
Loan Income | 9,031,331 |
Investment Income | 2,228,139 |
Other Income | 169,868 |
Total Employee Compensation & Benefits | 2,147,416 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,734,039 |
Non-operating Income & (Expense) | 400 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,486 |
Cost of Funds | 6,009,261 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,523,685 |
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