Dec, 31, 2023 — COMMUNITY CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in JOHNSTON, IA with 8 branch locations and about $805.70 million in total assets. Opened 71 years ago in 1953, COMMUNITY CHOICE CREDIT UNION has about 50,948 members and employs 169 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 CHOICE CREDIT UNION |
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Address: (Main Office) | 6163 NW 86th st JOHNSTON, IA 50131 |
Phone: | (515) 334-8100 |
Fax: | (515) 334-8150 |
Website: | https://comchoicecu.org |
Branches: | 8 branch locations |
Members: | 50,948 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65078 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $805,699,461 |
CEO/Manager: | Josh Cook |
Chairperson: | Randy Dickey |
ASSETS: | $ Amount |
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Cash & Equivalents | 61,949,072 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 5,325,229 |
Real Estate Loans | 413,606,415 |
Unsecured Loans | 52,886,992 |
Other Loans | 195,246,156 |
TOTAL LOANS | 661,856,641 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,640,495 |
Land And Building | 12,939,439 |
Other Fixed Assets | 11,249,711 |
NCUSIF Deposit | 6,759,720 |
All Other Assets | 0 |
TOTAL ASSETS | 805,699,461 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 149,416 |
Notes & Interest Payable | 35,000,000 |
Accounts Payable & Other Liabilities | 11,384,417 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 171,928,242 |
Regular shares | 262,297,309 |
All Other Shares & Deposits | 233,904,103 |
TOTAL SHARES & DEPOSITS | 668,129,651 |
TOTAL LIABILITIES | 714,673,238 |
Regular Reserve | 0 |
Other Reserves | 27,914,352 |
Undivided Earnings | 63,111,871 |
TOTAL EQUITY | 91,026,223 |
TOTAL LIABILITIES, SHARES, & EQUITY | 805,699,461 |
INCOME & EXPENSE | |
Loan Income | 34,622,566 |
Investment Income | 3,553,094 |
Other Income | 2,029,962 |
Total Employee Compensation & Benefits | 16,449,908 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 17,314,690 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,313,405 |
Cost of Funds | 6,853,059 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,627,866 |
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