Dec, 31, 2023 — METHODIST HOSPITAL EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in DALLAS, TX with 2 branch locations and about $12.01 million in total assets. Opened 72 years ago in 1952, METHODIST HOSPITAL EMPLOYEES FEDERAL CREDIT UNION has about 1,803 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: | METHODIST HOSPITAL EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1441 N Beckley Ave DALLAS, TX 75203-1201 |
| Phone: | (214) 947-1365 |
| Fax: | (214) 947-1360 |
| Website: | https://www.mhcu.net |
| Branches: | 2 branch locations |
| Members: | 1,803 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7731 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,009,558 |
| CEO/Manager: | Molly Hinkley |
| Chairperson: | William Couture |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,732,300 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 804,071 |
| Other Loans | 4,326,287 |
| TOTAL LOANS | 5,130,358 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -103,424 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 108,027 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,009,558 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,658 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,311 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,886,954 |
| Regular shares | 7,011,554 |
| All Other Shares & Deposits | 1,705,605 |
| TOTAL SHARES & DEPOSITS | 10,604,113 |
| TOTAL LIABILITIES | 10,698,286 |
| Regular Reserve | 0 |
| Other Reserves | 159,880 |
| Undivided Earnings | 1,151,392 |
| TOTAL EQUITY | 1,311,272 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,009,558 |
| INCOME & EXPENSE | |
| Loan Income | 305,461 |
| Investment Income | 288,394 |
| Other Income | 156,169 |
| Total Employee Compensation & Benefits | 194,895 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 287,255 |
| Non-operating Income & (Expense) | -1,985 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 67,442 |
| Cost of Funds | 14,314 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 198,577 |
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