Share Guarantee to Expire

NCUA’s Temporary Corporate CU Share Guarantee Program will end, as previously scheduled, on December 31, 2012. On January 1, 2013, NCUA coverage on deposits in corporate credit unions will be limited to the standard maximum share insurance amount of $250,000. Missouri Corporate Credit Union’s capital ratios exceed current NCUA requirements as does our investment portfolio (see our CreditWorthiness Report in the column to the right).

2011 Annual Report Now Available

Our 2011 Annual Report, which includes our Independent Auditors’ Report, various management reports and financial analysis, can be viewed by clicking on the following link 2011 Annual Report.

MCCU’s March 2012 Quarterly Credit Worthiness Report is available. Please click here to view the report.

Capitalization Effort Successful

Missouri Corporate recently completed a very successful capitalization drive that enables the institution to exceed the new NCUA capital requirements effective October 20, 2011. In fact, the capitalization effort was so successful a portion of the “excess” capital raised in the offering will be returned to members. A minimum goal of $17.5 million was set for the initial offering, but $22.5 million was committed – 29% above the goal. Credit unions in Missouri, Illinois, Oklahoma and North Dakota all contributed capital to Missouri Corporate.

If you’re interested in learning more about Missouri Corporate, click on the link to our strategic plan at the bottom of this article. The plan outlines our vision for the future and is the same plan our member credit unions reviewed when making their capital investment decision.

If you’re interested in all the things a big corporate credit union can provide but in a more personal setting, we are the corporate for you. We pride ourselves on delivering outstanding member service, telephone calls answered by human beings, easy access to our senior management team, patient and professional help with your problems, and competitive rates and pricing. In fact, Missouri Corporate was awarded the Missouri Quality Award, our state’s highest quality honor, in recognition of how we conduct ourselves. Check us out – you won’t be disappointed!