Dec, 31, 2023 — FAMILY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CHARLES CITY, IA with 1 branch location and about $21.78 million in total assets. Opened 64 years ago in 1960, FAMILY COMMUNITY CREDIT UNION has about 2,166 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FAMILY COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1211 N Grand Ave CHARLES CITY, IA 50616-1320 |
| Phone: | (641) 228-6612 |
| Fax: | (641) 228-4474 |
| Website: | https://www.ccfccu.com |
| Branches: | 1 branch locations |
| Members: | 2,166 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64067 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $21,783,929 |
| CEO/Manager: | Emily Ott |
| Chairperson: | Daniel J Hubert |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,449,230 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,641,765 |
| Unsecured Loans | 118,008 |
| Other Loans | 6,058,041 |
| TOTAL LOANS | 7,817,814 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,137 |
| Land And Building | 137,760 |
| Other Fixed Assets | 14,254 |
| NCUSIF Deposit | 177,688 |
| All Other Assets | 6,981 |
| TOTAL ASSETS | 21,783,929 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 4,873 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 118,560 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,817,668 |
| Regular shares | 13,893,408 |
| All Other Shares & Deposits | 596,194 |
| TOTAL SHARES & DEPOSITS | 19,307,270 |
| TOTAL LIABILITIES | 19,430,703 |
| Regular Reserve | 0 |
| Other Reserves | 618,387 |
| Undivided Earnings | 1,734,839 |
| TOTAL EQUITY | 2,353,226 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,783,929 |
| INCOME & EXPENSE | |
| Loan Income | 347,597 |
| Investment Income | 449,941 |
| Other Income | 73,834 |
| Total Employee Compensation & Benefits | 324,239 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 265,413 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 39,420 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 263,476 |
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