Dec, 31, 2023 — S E C U CREDIT UNION is a federally insured state chartered credit union headquartered in KEOKUK, IA with 1 branch location and about $1.79 million in total assets. Opened 61 years ago in 1963, S E C U CREDIT UNION has about 723 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | S E C U CREDIT UNION |
|---|---|
| Address: (Main Office) | 3200 Main St KEOKUK, IA 52632 |
| Phone: | (319) 524-4560 |
| Fax: | (319) 524-7373 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 723 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64269 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1963 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,792,006 |
| CEO/Manager: | Tanya R O'Shea |
| Chairperson: | REX MALONE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 449,746 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 72,564 |
| Other Loans | 1,108,181 |
| TOTAL LOANS | 1,180,745 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,625 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 11,304 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,792,006 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,623 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,257,248 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 1,257,248 |
| TOTAL LIABILITIES | 1,263,871 |
| Regular Reserve | 0 |
| Other Reserves | 116,011 |
| Undivided Earnings | 412,124 |
| TOTAL EQUITY | 528,135 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,792,006 |
| INCOME & EXPENSE | |
| Loan Income | 74,221 |
| Investment Income | 21,335 |
| Other Income | 1,426 |
| Total Employee Compensation & Benefits | 29,014 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,445 |
| Non-operating Income & (Expense) | 1,432 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,074 |
| Cost of Funds | 5,763 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 29,118 |
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