Dec, 31, 2023 — MOPAC EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in PALESTINE, TX with 1 branch location and about $20.58 million in total assets. Opened 88 years ago in 1936, MOPAC EMPLOYEES FEDERAL CREDIT UNION has about 2,288 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOPAC EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 S Queen St PALESTINE, TX 75801-3544 |
| Phone: | (903) 729-3226 |
| Fax: | (903) 723-7336 |
| Website: | https://www.mopaccu.com |
| Branches: | 1 branch locations |
| Members: | 2,288 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1129 |
|---|---|
| Membership Type: | Multiple common bond - Primarily transportation |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $20,575,044 |
| CEO/Manager: | Bernice Carrell |
| Chairperson: | Roderick L Riley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,213,756 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 26,473 |
| Real Estate Loans | 0 |
| Unsecured Loans | 985,960 |
| Other Loans | 16,533,681 |
| TOTAL LOANS | 17,585,376 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -92,174 |
| Land And Building | 529,870 |
| Other Fixed Assets | 44,047 |
| NCUSIF Deposit | 171,238 |
| All Other Assets | 0 |
| TOTAL ASSETS | 20,575,044 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,077 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,199,142 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,054,023 |
| Regular shares | 11,378,957 |
| All Other Shares & Deposits | 2,098,670 |
| TOTAL SHARES & DEPOSITS | 17,531,650 |
| TOTAL LIABILITIES | 18,734,869 |
| Regular Reserve | 0 |
| Other Reserves | 565,681 |
| Undivided Earnings | 1,274,494 |
| TOTAL EQUITY | 1,840,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 20,575,044 |
| INCOME & EXPENSE | |
| Loan Income | 771,295 |
| Investment Income | 51,935 |
| Other Income | 217,626 |
| Total Employee Compensation & Benefits | 472,246 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 455,109 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,402 |
| Cost of Funds | 34,606 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 124,883 |
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