Dec, 31, 2023 — MIDWESTERN STATE UNIVERSITY CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA FALLS, TX with 1 branch location and about $5.48 million in total assets. Opened 69 years ago in 1955, MIDWESTERN STATE UNIVERSITY CREDIT UNION has about 893 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MIDWESTERN STATE UNIVERSITY CREDIT UNION |
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Address: (Main Office) | 3410 Taft Blvd WICHITA FALLS, TX 76308 |
Phone: | (940) 397-4622 |
Fax: | (940) 397-4621 |
Website: | https://www.mwsucu.com |
Branches: | 1 branch locations |
Members: | 893 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67549 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,482,990 |
CEO/Manager: | Renee D Hensley |
Chairperson: | Clara Latham |
ASSETS: | $ Amount |
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Cash & Equivalents | 403,748 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 777,166 |
Unsecured Loans | 196,347 |
Other Loans | 1,719,951 |
TOTAL LOANS | 2,693,464 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,397 |
Land And Building | 0 |
Other Fixed Assets | 1,874 |
NCUSIF Deposit | 48,959 |
All Other Assets | 0 |
TOTAL ASSETS | 5,482,990 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,022 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 16,050 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 328,856 |
Regular shares | 4,306,157 |
All Other Shares & Deposits | 100,623 |
TOTAL SHARES & DEPOSITS | 4,735,636 |
TOTAL LIABILITIES | 4,752,708 |
Regular Reserve | 0 |
Other Reserves | 51,168 |
Undivided Earnings | 679,114 |
TOTAL EQUITY | 730,282 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,482,990 |
INCOME & EXPENSE | |
Loan Income | 134,666 |
Investment Income | 72,349 |
Other Income | 11,051 |
Total Employee Compensation & Benefits | 132,024 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 87,060 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,733 |
Cost of Funds | 4,137 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,835 |
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