Dec, 31, 2023 — 1ST CLASS EXPRESS CREDIT UNION is a federally insured state chartered credit union headquartered in WAUKESHA, WI with 4 branch locations and about $2.56 million in total assets. Opened 92 years ago in 1932, 1ST CLASS EXPRESS CREDIT UNION has about 647 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST CLASS EXPRESS CREDIT UNION |
|---|---|
| Address: (Main Office) | 416 E Main St WAUKESHA, WI 53186 |
| Phone: | (262) 548-9328 |
| Fax: | (262) 548-9328 |
| Website: | n/a |
| Branches: | 4 branch locations |
| Members: | 647 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67022 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,559,587 |
| CEO/Manager: | Susan A Ross |
| Chairperson: | Cynthia A Kessenich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 589,224 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 18,001 |
| Unsecured Loans | 350,772 |
| Other Loans | 1,534,869 |
| TOTAL LOANS | 1,903,643 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -58,834 |
| Land And Building | 69,213 |
| Other Fixed Assets | 5,849 |
| NCUSIF Deposit | 22,780 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,559,587 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 871 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,385 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,785,884 |
| All Other Shares & Deposits | 255,753 |
| TOTAL SHARES & DEPOSITS | 2,041,637 |
| TOTAL LIABILITIES | 2,056,893 |
| Regular Reserve | 0 |
| Other Reserves | 102,000 |
| Undivided Earnings | 400,694 |
| TOTAL EQUITY | 502,694 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,559,587 |
| INCOME & EXPENSE | |
| Loan Income | 135,408 |
| Investment Income | 31,587 |
| Other Income | 5,006 |
| Total Employee Compensation & Benefits | 64,795 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 51,890 |
| Non-operating Income & (Expense) | 6,600 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 39,500 |
| Cost of Funds | 12,471 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,945 |
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