MINGO COUNTY EDUCATION FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — MINGO COUNTY EDUCATION FEDERAL CREDIT UNION is a federal credit union headquartered in Williamson, WV with 1 branch location and about $2.72 million in total assets. Opened 47 years ago in 1977, MINGO COUNTY EDUCATION FEDERAL CREDIT UNION has about 457 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MINGO COUNTY EDUCATION FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | Route 2, Box 310, Suite 1 Williamson, WV 25661 |
| Phone: | (304) 239-0547 |
| Fax: | (304) 239-0567 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 457 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 22678 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1977 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,722,852 |
| CEO/Manager: | Donna Kauff |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 117,198 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,086,537 |
| Other Loans | 1,527,991 |
| TOTAL LOANS | 2,614,528 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,560 |
| Land And Building | 0 |
| Other Fixed Assets | 7 |
| NCUSIF Deposit | 23,143 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,722,852 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 37,026 |
| Accounts Payable & Other Liabilities | 1,348 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 759,283 |
| All Other Shares & Deposits | 1,469,206 |
| TOTAL SHARES & DEPOSITS | 2,228,489 |
| TOTAL LIABILITIES | 2,266,863 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 455,989 |
| TOTAL EQUITY | 455,989 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,722,852 |
| INCOME & EXPENSE | |
| Loan Income | 111,676 |
| Investment Income | 277 |
| Other Income | 656 |
| Total Employee Compensation & Benefits | 67,414 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,381 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 14,367 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 26,447 |
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