Dec, 31, 2023 — UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in MEXICO, MO with 7 branch locations and about $273.03 million in total assets. Opened 89 years ago in 1935, UNITED CREDIT UNION has about 28,094 members and employs 95 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 802 E Breckenridge St MEXICO, MO 65265 |
| Phone: | (573) 581-8651 |
| Fax: | (573) 581-1436 |
| Website: | https://www.unitedcu.org |
| Branches: | 7 branch locations |
| Members: | 28,094 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63597 |
|---|---|
| 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: | $273,033,027 |
| CEO/Manager: | Brent Sadler |
| Chairperson: | Jo Ellen Craghead |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,805,371 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,265,448 |
| Unsecured Loans | 20,283,638 |
| Other Loans | 151,760,346 |
| TOTAL LOANS | 214,520,032 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,092,312 |
| Land And Building | 6,361,294 |
| Other Fixed Assets | 886,459 |
| NCUSIF Deposit | 2,298,761 |
| All Other Assets | 0 |
| TOTAL ASSETS | 273,033,027 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8,266 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 7,732,291 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,417,317 |
| Regular shares | 121,346,272 |
| All Other Shares & Deposits | 45,683,459 |
| TOTAL SHARES & DEPOSITS | 228,447,048 |
| TOTAL LIABILITIES | 240,187,605 |
| Regular Reserve | 0 |
| Other Reserves | -4,717,728 |
| Undivided Earnings | 37,563,150 |
| TOTAL EQUITY | 32,845,422 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 273,033,027 |
| INCOME & EXPENSE | |
| Loan Income | 12,346,090 |
| Investment Income | 528,012 |
| Other Income | 3,143,400 |
| Total Employee Compensation & Benefits | 6,603,822 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,850,249 |
| Non-operating Income & (Expense) | 3 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,081,087 |
| Cost of Funds | 989,344 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,297,582 |
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