Overview / Commentary
620-241-9308
1999 S Main St
McPherson, KS 67460-9400

McPherson Co-Op Credit Union is headquartered in McPherson and is the 32nd largest credit union in the state of Kansas. It is also the 2,751st largest credit union in the nation. It was established in 1946 and as of December of 2018, it had grown to 9 employees and 3,202 members at 1 location. McPherson Co-Op Credit Union has a B health rating.

Field of Membership Restrictions

Membership is open to employees of CHS and its subsidiaries.
See current membership details

Reviews (1)

rates used to be better

The rates at this credit union used to be better. Once upon a time the MCCU was in a tiny building in the middle of an oil refinery. That's what it was, the refinery credit union. There was a skeleton staff, and no overhead, and savings and CD rates were the best around. Now they have built a huge new building to rival any normal bank, hired staff like a normal bank, and also have normal rates compared to any other bank. That being said, the staff still knows all the customers which is great. and generally most everything can be taken care of over the phone or in the mail.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. McPherson Co-Op Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #65371
Year Chartered1946
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.13%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$33.3MM$32.7MM
LoansQ4 2018vs Q4 2017$24.4MM$24.0MM
DepositsQ4 2018vs Q4 2017$30.0MM$29.5MM
Equity CapitalQ4 2018vs Q4 2017$3.3MM$3.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$45.00K$51.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$245.00K$114.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates

Rates for McPherson Co-Op Credit Union are currently being reviewed.

Locations


McPherson Co-Op Credit Union Locations
Branch Office1999 S Main StMcPherson, KS 67460-9400

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