Dec, 31, 2023 — ARCHER COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in ARCHER, NE with 4 branch locations and about $90.75 million in total assets. Opened 40 years ago in 1984, ARCHER COOPERATIVE CREDIT UNION has about 4,983 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARCHER COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2121 Archer Rd ARCHER, NE 68816 |
| Phone: | (308) 795-2204 |
| Fax: | (308) 795-2266 |
| Website: | https://www.archerccu.com |
| Branches: | 4 branch locations |
| Members: | 4,983 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66270 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1984 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $90,753,859 |
| CEO/Manager: | Michael Kezeor |
| Chairperson: | Tracey Hefner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,822,787 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 38,527,007 |
| Unsecured Loans | 635,361 |
| Other Loans | 33,750,813 |
| TOTAL LOANS | 77,914,133 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,158,127 |
| Land And Building | 3,115,294 |
| Other Fixed Assets | 361,860 |
| NCUSIF Deposit | 678,483 |
| All Other Assets | 0 |
| TOTAL ASSETS | 90,753,859 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 141,530 |
| Notes & Interest Payable | 6,257,271 |
| Accounts Payable & Other Liabilities | 1,297,900 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,901,333 |
| Regular shares | 19,734,535 |
| All Other Shares & Deposits | 32,625,754 |
| TOTAL SHARES & DEPOSITS | 74,261,622 |
| TOTAL LIABILITIES | 81,958,323 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 8,795,536 |
| TOTAL EQUITY | 8,795,536 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 90,753,859 |
| INCOME & EXPENSE | |
| Loan Income | 4,461,864 |
| Investment Income | 199,657 |
| Other Income | 481,353 |
| Total Employee Compensation & Benefits | 2,192,684 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,332,451 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 153,000 |
| Cost of Funds | 1,015,210 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 726,858 |
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