Dec, 31, 2023 — TOWN AND COUNTRY CREDIT UNION is a federally insured state chartered credit union headquartered in HARLAN, IA with 2 branch locations and about $34.50 million in total assets. Opened 85 years ago in 1939, TOWN AND COUNTRY CREDIT UNION has about 3,215 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TOWN AND COUNTRY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1414 Chatburn Ave HARLAN, IA 51537 |
| Phone: | (712) 755-3881 |
| Fax: | (712) 755-5536 |
| Website: | https://www.towncountrycu.com |
| Branches: | 2 branch locations |
| Members: | 3,215 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65168 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $34,497,453 |
| CEO/Manager: | Gervas Mgonja |
| Chairperson: | Richard H Hastert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,848,439 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 10,910,972 |
| Unsecured Loans | 1,341,027 |
| Other Loans | 15,872,221 |
| TOTAL LOANS | 28,124,220 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -821,953 |
| Land And Building | 543,872 |
| Other Fixed Assets | 182,917 |
| NCUSIF Deposit | 291,618 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,497,453 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 158,898 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 552,368 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,759,411 |
| Regular shares | 9,485,546 |
| All Other Shares & Deposits | 15,926,517 |
| TOTAL SHARES & DEPOSITS | 31,171,474 |
| TOTAL LIABILITIES | 31,882,740 |
| Regular Reserve | 0 |
| Other Reserves | 1,098,443 |
| Undivided Earnings | 1,516,270 |
| TOTAL EQUITY | 2,614,713 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,497,453 |
| INCOME & EXPENSE | |
| Loan Income | 1,949,843 |
| Investment Income | 175,839 |
| Other Income | 187,634 |
| Total Employee Compensation & Benefits | 926,325 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 878,203 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 706,020 |
| Cost of Funds | 559,562 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -575,785 |
| ↑ Back to Top | |