Dec, 31, 2023 — MEMBERS TRUST FEDERAL CREDIT UNION is a federal credit union headquartered in MASON, OH with 2 branch locations and about $26.14 million in total assets. Opened 61 years ago in 1963, MEMBERS TRUST FEDERAL CREDIT UNION has about 3,313 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS TRUST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4000 Luxottica Pl MASON, OH 45040 |
| Phone: | (513) 765-6075 |
| Fax: | (513) 765-6078 |
| Website: | https://www.memberstrust.org |
| Branches: | 2 branch locations |
| Members: | 3,313 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 15874 |
|---|---|
| Membership Type: | Multiple common bond - Primarily other manufacturing |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,144,927 |
| CEO/Manager: | Darren Hartt |
| Chairperson: | George Martinez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,868,143 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,084,086 |
| Unsecured Loans | 1,353,296 |
| Other Loans | 7,413,550 |
| TOTAL LOANS | 15,850,931 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,979 |
| Land And Building | 0 |
| Other Fixed Assets | 2,995 |
| NCUSIF Deposit | 223,906 |
| All Other Assets | 44,699 |
| TOTAL ASSETS | 26,144,927 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 14,650 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 264,359 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,639,075 |
| Regular shares | 9,979,420 |
| All Other Shares & Deposits | 7,846,133 |
| TOTAL SHARES & DEPOSITS | 21,464,628 |
| TOTAL LIABILITIES | 21,743,637 |
| Regular Reserve | 0 |
| Other Reserves | 249,095 |
| Undivided Earnings | 4,152,195 |
| TOTAL EQUITY | 4,401,290 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,144,927 |
| INCOME & EXPENSE | |
| Loan Income | 683,404 |
| Investment Income | 295,508 |
| Other Income | 163,713 |
| Total Employee Compensation & Benefits | 556,803 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 483,819 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,289 |
| Cost of Funds | 182,587 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 54,482 |
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