Dec, 31, 2023 — MOUNTAINCREST CREDIT UNION is a federally insured state chartered credit union headquartered in ARLINGTON, WA with 2 branch locations and about $141.43 million in total assets. Opened 90 years ago in 1934, MOUNTAINCREST CREDIT UNION has about 9,683 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNTAINCREST CREDIT UNION |
|---|---|
| Address: (Main Office) | 3710 168TH ST NE STE A108 ARLINGTON, WA 98223-8462 |
| Phone: | (360) 435-5400 |
| Fax: | (360) 435-5558 |
| Website: | https://www.mountaincrestcu.com |
| Branches: | 2 branch locations |
| Members: | 9,683 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68253 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $141,428,739 |
| CEO/Manager: | Susan Webster |
| Chairperson: | Bruce Landre |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,046,572 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,960,596 |
| Unsecured Loans | 4,908,701 |
| Other Loans | 70,027,121 |
| TOTAL LOANS | 107,570,031 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -505,073 |
| Land And Building | 2,746,198 |
| Other Fixed Assets | 182,391 |
| NCUSIF Deposit | 1,207,502 |
| All Other Assets | 92,548 |
| TOTAL ASSETS | 141,428,739 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 671,685 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,342,983 |
| Regular shares | 47,127,479 |
| All Other Shares & Deposits | 52,193,869 |
| TOTAL SHARES & DEPOSITS | 123,664,332 |
| TOTAL LIABILITIES | 124,336,017 |
| Regular Reserve | 0 |
| Other Reserves | -399,826 |
| Undivided Earnings | 17,492,548 |
| TOTAL EQUITY | 17,092,722 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 141,428,739 |
| INCOME & EXPENSE | |
| Loan Income | 5,932,710 |
| Investment Income | 583,060 |
| Other Income | 586,223 |
| Total Employee Compensation & Benefits | 1,742,018 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,665,833 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 437,955 |
| Cost of Funds | 451,924 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,404,388 |
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