Dec, 31, 2023 — MOBILITY CREDIT UNION is a federally insured state chartered credit union headquartered in IRVING, TX with 3 branch locations and about $376.93 million in total assets. Opened 59 years ago in 1965, MOBILITY CREDIT UNION has about 21,392 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOBILITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 8384 N Belt Line Rd IRVING, TX 75063-6006 |
| Phone: | (214) 574-2000 |
| Fax: | (214) 574-3163 |
| Website: | https://www.mobilitycu.com |
| Branches: | 3 branch locations |
| Members: | 21,392 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68606 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $376,928,777 |
| CEO/Manager: | Ron Perry |
| Chairperson: | Mike Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,683,168 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 101,545,515 |
| Unsecured Loans | 6,186,446 |
| Other Loans | 244,718,883 |
| TOTAL LOANS | 352,450,844 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,310,489 |
| Land And Building | 4,939,590 |
| Other Fixed Assets | 484,054 |
| NCUSIF Deposit | 3,206,933 |
| All Other Assets | 1,889,396 |
| TOTAL ASSETS | 376,928,777 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,750,000 |
| Accounts Payable & Other Liabilities | 697,760 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,654,567 |
| Regular shares | 54,448,418 |
| All Other Shares & Deposits | 239,407,339 |
| TOTAL SHARES & DEPOSITS | 344,510,324 |
| TOTAL LIABILITIES | 346,958,084 |
| Regular Reserve | 0 |
| Other Reserves | -807,464 |
| Undivided Earnings | 30,778,157 |
| TOTAL EQUITY | 29,970,693 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 376,928,777 |
| INCOME & EXPENSE | |
| Loan Income | 18,126,598 |
| Investment Income | 353,921 |
| Other Income | 1,028,562 |
| Total Employee Compensation & Benefits | 2,956,488 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,046,354 |
| Non-operating Income & (Expense) | 29,776 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,327,767 |
| Cost of Funds | 10,057,550 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 518,003 |
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