Dec, 31, 2023 — WATERLOO FIREMEN'S CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, IA with 1 branch location and about $2.89 million in total assets. Opened 91 years ago in 1933, WATERLOO FIREMEN'S CREDIT UNION has about 334 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WATERLOO FIREMEN'S CREDIT UNION |
|---|---|
| Address: (Main Office) | 425 E 3rd St WATERLOO, IA 50703 |
| Phone: | (319) 236-3803 |
| Fax: | (319) 236-3803 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 334 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65193 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,889,662 |
| CEO/Manager: | Stephanie Stewart |
| Chairperson: | Christopher D Linder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 472,412 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 43,196 |
| Other Loans | 2,068,065 |
| TOTAL LOANS | 2,111,261 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,596 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 27,546 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,889,662 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,387 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,997 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,951,766 |
| All Other Shares & Deposits | 614,204 |
| TOTAL SHARES & DEPOSITS | 2,565,970 |
| TOTAL LIABILITIES | 2,591,354 |
| Regular Reserve | 0 |
| Other Reserves | 134,172 |
| Undivided Earnings | 164,136 |
| TOTAL EQUITY | 298,308 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,889,662 |
| INCOME & EXPENSE | |
| Loan Income | 85,521 |
| Investment Income | 21,700 |
| Other Income | 1,924 |
| Total Employee Compensation & Benefits | 31,514 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,746 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 37,856 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 18,029 |
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