Dec, 31, 2023 — COLLINS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR RAPIDS, IA with 9 branch locations and about $1.62 billion in total assets. Opened 84 years ago in 1940, COLLINS COMMUNITY CREDIT UNION has about 82,668 members and employs 213 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COLLINS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1005 Blairs Ferry Rd NE CEDAR RAPIDS, IA 52402-1219 |
| Phone: | (319) 393-9000 |
| Fax: | (319) 378-3399 |
| Website: | https://www.collinscu.org |
| Branches: | 9 branch locations |
| Members: | 82,668 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62969 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,623,342,311 |
| CEO/Manager: | Sandra Vaughan |
| Chairperson: | Marsha A Schulte |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 92,972,670 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 365,600 |
| Real Estate Loans | 1,011,926,559 |
| Unsecured Loans | 32,611,818 |
| Other Loans | 161,267,157 |
| TOTAL LOANS | 1,205,929,381 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,176,199 |
| Land And Building | 50,309,946 |
| Other Fixed Assets | 18,297,904 |
| NCUSIF Deposit | 12,026,964 |
| All Other Assets | 88,988 |
| TOTAL ASSETS | 1,623,342,311 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,689 |
| Notes & Interest Payable | 217,573,179 |
| Accounts Payable & Other Liabilities | 10,188,967 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 314,917,700 |
| Regular shares | 225,899,627 |
| All Other Shares & Deposits | 753,174,195 |
| TOTAL SHARES & DEPOSITS | 1,293,991,523 |
| TOTAL LIABILITIES | 1,521,875,163 |
| Regular Reserve | 0 |
| Other Reserves | 88,825,472 |
| Undivided Earnings | 12,641,676 |
| TOTAL EQUITY | 101,467,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,623,342,311 |
| INCOME & EXPENSE | |
| Loan Income | 59,333,306 |
| Investment Income | 9,252,395 |
| Other Income | 9,069,598 |
| Total Employee Compensation & Benefits | 21,828,949 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,504,151 |
| Non-operating Income & (Expense) | -653,018 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,265,584 |
| Cost of Funds | 35,275,024 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,670,251 |
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