Dec, 31, 2023 — MEMBERS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in MUSCATINE, IA with 2 branch locations and about $82.38 million in total assets. Opened 67 years ago in 1957, MEMBERS COMMUNITY CREDIT UNION has about 7,975 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMBERS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 159 Colorado St MUSCATINE, IA 52761 |
| Phone: | (563) 264-7210 |
| Fax: | (563) 264-7126 |
| Website: | https://memberscommunitycu.org |
| Branches: | 2 branch locations |
| Members: | 7,975 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62683 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $82,378,379 |
| CEO/Manager: | Tim Chapman |
| Chairperson: | Megan Francis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,845,514 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,839,053 |
| Unsecured Loans | 2,085,111 |
| Other Loans | 22,425,320 |
| TOTAL LOANS | 57,349,485 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -288,659 |
| Land And Building | 2,679,432 |
| Other Fixed Assets | 314,673 |
| NCUSIF Deposit | 662,135 |
| All Other Assets | 0 |
| TOTAL ASSETS | 82,378,379 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 32 |
| Notes & Interest Payable | 3,500,000 |
| Accounts Payable & Other Liabilities | 2,126,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,483,828 |
| Regular shares | 27,816,005 |
| All Other Shares & Deposits | 22,845,971 |
| TOTAL SHARES & DEPOSITS | 67,145,803 |
| TOTAL LIABILITIES | 72,772,341 |
| Regular Reserve | 0 |
| Other Reserves | 3,371,626 |
| Undivided Earnings | 6,234,412 |
| TOTAL EQUITY | 9,606,038 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 82,378,379 |
| INCOME & EXPENSE | |
| Loan Income | 2,505,597 |
| Investment Income | 646,061 |
| Other Income | 728,667 |
| Total Employee Compensation & Benefits | 1,703,790 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,681,418 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 56,980 |
| Cost of Funds | 529,654 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,168,634 |
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