Dec, 31, 2023 — CENTRAL COMMUNICATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, MO with 2 branch locations and about $50.53 million in total assets. Opened 89 years ago in 1935, CENTRAL COMMUNICATIONS CREDIT UNION has about 4,195 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CENTRAL COMMUNICATIONS CREDIT UNION |
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Address: (Main Office) | 17811 E US Highway 40 INDEPENDENCE, MO 64055 |
Phone: | (816) 842-0727 |
Fax: | (816) 472-4912 |
Website: | https://www.centralccu.com |
Branches: | 2 branch locations |
Members: | 4,195 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64196 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $50,531,269 |
CEO/Manager: | Philip M Weber |
Chairperson: | Loyd Arnold |
ASSETS: | $ Amount |
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Cash & Equivalents | 477,015 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,719,334 |
Unsecured Loans | 1,513,398 |
Other Loans | 7,706,010 |
TOTAL LOANS | 16,938,742 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -60,581 |
Land And Building | 1,317,406 |
Other Fixed Assets | 24,450 |
NCUSIF Deposit | 488,226 |
All Other Assets | 0 |
TOTAL ASSETS | 50,531,269 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,922,828 |
Accounts Payable & Other Liabilities | 136,773 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,108,268 |
Regular shares | 22,164,923 |
All Other Shares & Deposits | 14,997,455 |
TOTAL SHARES & DEPOSITS | 47,270,646 |
TOTAL LIABILITIES | 50,330,247 |
Regular Reserve | 0 |
Other Reserves | -2,228,186 |
Undivided Earnings | 2,429,208 |
TOTAL EQUITY | 201,022 |
TOTAL LIABILITIES, SHARES, & EQUITY | 50,531,269 |
INCOME & EXPENSE | |
Loan Income | 895,731 |
Investment Income | 547,807 |
Other Income | 222,879 |
Total Employee Compensation & Benefits | 782,968 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,017,041 |
Non-operating Income & (Expense) | 27,882 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 32,807 |
Cost of Funds | 267,359 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -192,171 |
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