Dec, 31, 2023 — MEA CREDIT UNION is a federally insured state chartered credit union headquartered in MONTICELLO, IL with 1 branch location and about $551,554 in total assets. Opened 66 years ago in 1958, MEA CREDIT UNION has about 118 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2 Sage Dr MONTICELLO, IL 61856 |
| Phone: | (217) 762-8511 |
| Fax: | (217) 762-8505 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 118 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65896 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $551,554 |
| CEO/Manager: | Clay Dunker |
| Chairperson: | Nichole Boss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 127,649 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 21,936 |
| Other Loans | 399,118 |
| TOTAL LOANS | 421,054 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,164 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 4,015 |
| All Other Assets | 0 |
| TOTAL ASSETS | 551,554 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 0 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 432,974 |
| All Other Shares & Deposits | 75,000 |
| TOTAL SHARES & DEPOSITS | 507,974 |
| TOTAL LIABILITIES | 507,974 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 43,580 |
| TOTAL EQUITY | 43,580 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 551,554 |
| INCOME & EXPENSE | |
| Loan Income | 13,090 |
| Investment Income | 2,405 |
| Other Income | 75 |
| Total Employee Compensation & Benefits | 4,200 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,021 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,315 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,034 |
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