Overview / Commentary
Morton Credit Union is headquartered in South Hutchinson and is the 61st largest credit union in the state of Kansas. It is also the 4,495th largest credit union in the nation. It was established in 1941 and as of June of 2020, it had grown to 4 employees and 875 members at 2 locations. Morton Credit Union's CD rates are 11% higher than the national average, and it 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 Q2 2020
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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.29% |
| Return on Equity - YTD | 2.1% |
| Annual Interest Income | $126.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $5.0MM$4.6MM |
| Loans | Q2 2020vs Q2 2019 | $3.1MM$3.2MM |
| Deposits | Q2 2020vs Q2 2019 | $4.3MM$4.0MM |
| Equity Capital | Q2 2020vs Q2 2019 | $668.00K$627.00K |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $52.00K$70.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $91.00K$222.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |