Dec, 31, 2023 — COMMUNITY 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in OTTUMWA, IA with 21 branch locations and about $971.88 million in total assets. Opened 88 years ago in 1936, COMMUNITY 1ST CREDIT UNION has about 67,900 members and employs 287 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY 1ST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1100 Hutchinson Ave OTTUMWA, IA 52501 |
| Phone: | (866) 360-5370 |
| Fax: | (641) 683-6301 |
| Website: | https://www.c1stcu.com |
| Branches: | 21 branch locations |
| Members: | 67,900 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68510 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $971,878,707 |
| CEO/Manager: | Gregory Hanshaw |
| Chairperson: | Tim Elliott |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 111,520,433 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 768,850 |
| Real Estate Loans | 484,043,169 |
| Unsecured Loans | 28,842,511 |
| Other Loans | 261,108,750 |
| TOTAL LOANS | 778,348,781 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,355,882 |
| Land And Building | 22,345,713 |
| Other Fixed Assets | 3,522,582 |
| NCUSIF Deposit | 7,958,569 |
| All Other Assets | 0 |
| TOTAL ASSETS | 971,878,707 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 3,500,000 |
| Accounts Payable & Other Liabilities | 9,762,490 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 248,242,955 |
| Regular shares | 369,296,570 |
| All Other Shares & Deposits | 245,427,482 |
| TOTAL SHARES & DEPOSITS | 862,967,006 |
| TOTAL LIABILITIES | 876,229,496 |
| Regular Reserve | 0 |
| Other Reserves | 24,344,767 |
| Undivided Earnings | 71,304,444 |
| TOTAL EQUITY | 95,649,211 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 971,878,707 |
| INCOME & EXPENSE | |
| Loan Income | 41,230,382 |
| Investment Income | 6,011,778 |
| Other Income | 10,698,749 |
| Total Employee Compensation & Benefits | 21,343,392 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,819,056 |
| Non-operating Income & (Expense) | -29,064 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,817,064 |
| Cost of Funds | 8,309,318 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 11,299,832 |
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