Dec, 31, 2023 — MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION is a federal credit union headquartered in HOUSTON, TX with 2 branch locations and about $230.19 million in total assets. Opened 88 years ago in 1936, MEMBERS TRUST OF THE SOUTHWEST FEDERAL CREDIT UNION has about 8,292 members and employs 29 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 OF THE SOUTHWEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2315 Mangum Rd HOUSTON, TX 77092 |
| Phone: | (281) 953-7200 |
| Fax: | (713) 681-2114 |
| Website: | https://www.mtfcu.coop |
| Branches: | 2 branch locations |
| Members: | 8,292 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1584 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $230,190,078 |
| CEO/Manager: | Liliana Canga |
| Chairperson: | Kevin Kleb |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,297,038 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 99,058,878 |
| Unsecured Loans | 15,453,455 |
| Other Loans | 53,060,349 |
| TOTAL LOANS | 167,572,682 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -812,106 |
| Land And Building | 3,692,123 |
| Other Fixed Assets | 347,735 |
| NCUSIF Deposit | 1,885,885 |
| All Other Assets | 24,084 |
| TOTAL ASSETS | 230,190,078 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,478 |
| Notes & Interest Payable | 1,000,000 |
| Accounts Payable & Other Liabilities | 990,561 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,202,366 |
| Regular shares | 28,585,124 |
| All Other Shares & Deposits | 162,400,501 |
| TOTAL SHARES & DEPOSITS | 216,187,991 |
| TOTAL LIABILITIES | 218,180,030 |
| Regular Reserve | 0 |
| Other Reserves | -4,555,648 |
| Undivided Earnings | 16,565,696 |
| TOTAL EQUITY | 12,010,048 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 230,190,078 |
| INCOME & EXPENSE | |
| Loan Income | 7,875,152 |
| Investment Income | 1,585,031 |
| Other Income | 896,942 |
| Total Employee Compensation & Benefits | 2,617,016 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,889,327 |
| Non-operating Income & (Expense) | 9,096 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,056 |
| Cost of Funds | 5,043,777 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 360,174 |
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