Dec, 31, 2023 — ACADEMIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, MO with 1 branch location and about $14.34 million in total assets. Opened 88 years ago in 1936, ACADEMIC EMPLOYEES CREDIT UNION has about 1,410 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACADEMIC EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 2804 W Ash St COLUMBIA, MO 65203-4601 |
Phone: | (573) 445-1845 |
Fax: | (573) 445-2068 |
Website: | https://www.academicecu.com |
Branches: | 1 branch locations |
Members: | 1,410 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67695 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $14,339,572 |
CEO/Manager: | Kelly S Poindexter |
Chairperson: | Russ Sackreiter |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,833,711 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 458,895 |
Unsecured Loans | 1,197,419 |
Other Loans | 5,920,723 |
TOTAL LOANS | 7,577,037 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,801 |
Land And Building | 746,621 |
Other Fixed Assets | 36,042 |
NCUSIF Deposit | 131,879 |
All Other Assets | 0 |
TOTAL ASSETS | 14,339,572 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 20,668 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,686,005 |
Regular shares | 8,781,029 |
All Other Shares & Deposits | 57,807 |
TOTAL SHARES & DEPOSITS | 13,524,842 |
TOTAL LIABILITIES | 13,545,510 |
Regular Reserve | 0 |
Other Reserves | 514,458 |
Undivided Earnings | 279,604 |
TOTAL EQUITY | 794,062 |
TOTAL LIABILITIES, SHARES, & EQUITY | 14,339,572 |
INCOME & EXPENSE | |
Loan Income | 433,239 |
Investment Income | 75,022 |
Other Income | 79,764 |
Total Employee Compensation & Benefits | 204,321 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 345,144 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,721 |
Cost of Funds | 2,841 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 66,786 |
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