Financials

Credit Worthiness Report Ready for Your Review:  After a year’s hiatus, the Credit Worthiness Report is back with more detailed information to assist you with your review of Missouri Corporate.  The 2009 Credit Worthiness Reports had been suspended due to the delays in reporting Other Than Temporary Investment (OTTI) losses incurred by U.S. Central Federal Credit Union (U.S. Central).  Missouri Corporate did not and currently does not hold investments that have been subject to OTTI losses.  However, given the NCUA’s decision to deplete corporate’s capital in U.S. Central and the restatement of U.S. Central’s quarterly financial statements throughout 2009, we choose to incorporate most of the quarterly information in Missouri Corporate’s 2009 Annual Report.  If you have any questions regarding the Credit Worthiness Report or any other issues involving Missouri Corporate, please don’t hesitate to contact us at ddegroodt@mocorpcu.coop.  Click here Creditworthiness Report (.pdf file) for the latest Credit Worthiness Report. 

March 2010 Credit Worthiness

June 2010 Credit Worthiness

Our latest Annual Report, which includes our Independent Auditors’ Report, can be viewed by clicking on the following link

2009 Annual Report (.pdf file)

Because of the way the funds are matched and invested, MCCU is well positioned to meet the liquidity demands of its member credit unions. If needed, MCCU also has in place other sources from which it could borrow to meet liquidity needs.

Since Missouri Corporate still uses U.S. Central for most of its correspondent services, you can view a complete copy of their financial statements at the following link:

U.S. Central Federal Credit Union