Dec, 31, 2023 — EDUCATIONAL COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGFIELD, MO with 2 branch locations and about $77.01 million in total assets. Opened 86 years ago in 1938, EDUCATIONAL COMMUNITY CREDIT UNION has about 9,535 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EDUCATIONAL COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1221 E Grand St SPRINGFIELD, MO 65804 |
Phone: | (417) 831-0534 |
Fax: | (417) 831-2719 |
Website: | https://www.educationalccu.org |
Branches: | 2 branch locations |
Members: | 9,535 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62589 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $77,011,619 |
CEO/Manager: | Robb W Herren |
Chairperson: | Steve K Verheyen |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,080,379 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 9,547,679 |
Unsecured Loans | 1,647,905 |
Other Loans | 49,684,915 |
TOTAL LOANS | 60,880,499 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -525,105 |
Land And Building | 1,862,117 |
Other Fixed Assets | 147,802 |
NCUSIF Deposit | 688,071 |
All Other Assets | 0 |
TOTAL ASSETS | 77,011,619 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 109,596 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 883,699 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,291,880 |
Regular shares | 41,790,128 |
All Other Shares & Deposits | 12,964,514 |
TOTAL SHARES & DEPOSITS | 70,046,522 |
TOTAL LIABILITIES | 71,039,817 |
Regular Reserve | 0 |
Other Reserves | 872,599 |
Undivided Earnings | 5,099,203 |
TOTAL EQUITY | 5,971,802 |
TOTAL LIABILITIES, SHARES, & EQUITY | 77,011,619 |
INCOME & EXPENSE | |
Loan Income | 3,100,226 |
Investment Income | 227,530 |
Other Income | 379,584 |
Total Employee Compensation & Benefits | 1,480,725 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,368,239 |
Non-operating Income & (Expense) | -91,410 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 376,905 |
Cost of Funds | 169,891 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 546,604 |
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