Dec, 31, 2023 — 1ST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SPARTA, WI with 5 branch locations and about $274.10 million in total assets. Opened 63 years ago in 1961, 1ST COMMUNITY CREDIT UNION has about 15,260 members and employs 65 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 COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1000 W Wisconsin St SPARTA, WI 54656-2230 |
Phone: | (608) 269-8121 |
Fax: | (608) 269-1074 |
Website: | https://www.1stccu.com |
Branches: | 5 branch locations |
Members: | 15,260 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67012 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $274,102,799 |
CEO/Manager: | Brad A Bauges |
Chairperson: | Wendy Whitehead |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,704,253 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 150,000 |
Real Estate Loans | 109,630,363 |
Unsecured Loans | 10,118,567 |
Other Loans | 88,022,302 |
TOTAL LOANS | 207,771,232 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -724,650 |
Land And Building | 8,110,274 |
Other Fixed Assets | 546,241 |
NCUSIF Deposit | 2,103,528 |
All Other Assets | 12,446 |
TOTAL ASSETS | 274,102,799 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 47,174 |
Notes & Interest Payable | 17,200,000 |
Accounts Payable & Other Liabilities | 3,473,716 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,219,279 |
Regular shares | 71,156,367 |
All Other Shares & Deposits | 118,875,584 |
TOTAL SHARES & DEPOSITS | 232,251,230 |
TOTAL LIABILITIES | 252,972,120 |
Regular Reserve | 0 |
Other Reserves | -849,418 |
Undivided Earnings | 21,980,097 |
TOTAL EQUITY | 21,130,679 |
TOTAL LIABILITIES, SHARES, & EQUITY | 274,102,799 |
INCOME & EXPENSE | |
Loan Income | 9,681,765 |
Investment Income | 2,408,016 |
Other Income | 637,302 |
Total Employee Compensation & Benefits | 4,667,631 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,444,083 |
Non-operating Income & (Expense) | 3,637 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 429,698 |
Cost of Funds | 3,842,403 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,146,126 |
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