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MISSOURI ELECTRIC COOPERATIVES EMPL CREDIT UNION

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
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
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

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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