MORRISON EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — MORRISON EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in DUBUQUE, IA with 1 branch location and about $1.88 million in total assets. Opened 71 years ago in 1953, MORRISON EMPLOYEES CREDIT UNION has about 141 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MORRISON EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 66 WEST 32ND ST DUBUQUE, IA 52001 |
| Phone: | (563) 556-3863 |
| Fax: | (563) 557-3872 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 141 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65199 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,876,281 |
| CEO/Manager: | Sandy s Parker |
| Chairperson: | Edna L Lindsay |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 136,795 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 172,288 |
| TOTAL LOANS | 172,288 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,923 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 12,938 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,876,281 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 89 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 549 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,360,076 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,360,076 |
| TOTAL LIABILITIES | 1,360,714 |
| Regular Reserve | 0 |
| Other Reserves | 46,946 |
| Undivided Earnings | 468,621 |
| TOTAL EQUITY | 515,567 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,876,281 |
| INCOME & EXPENSE | |
| Loan Income | 2,530 |
| Investment Income | 14,799 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 9,000 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,173 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,236 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -80 |
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