Overview / Commentary
Morton Credit Union is headquartered in South Hutchinson and is the 58th largest credit union in the state of Kansas. It is also the 4,345th largest credit union in the nation. It was established in 1941 and as of December of 2021, it had grown to 3 employees and 819 members at 1 location. Morton Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Morton Credit Union is open to those who live in Reno County, Kansas and the surrounding counties.
See current membership details
Health
B
Data as of Q4 2021
Learn why bank health mattersAdditional 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. Morton Credit Union has a very low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 65466 |
| Year Chartered | 1941 |
| Employees | 3 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.28% |
| Return on Equity - YTD | -2.51% |
| Annual Interest Income | $181.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $5.5MM$4.9MM |
| Loans | Q4 2021vs Q4 2020 | $2.3MM$2.8MM |
| Deposits | Q4 2021vs Q4 2020 | $4.8MM$4.2MM |
| Equity Capital | Q4 2021vs Q4 2020 | $636.00K$653.00K |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $83.00K$80.00K |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $74.00K$200.00K |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$0 |