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CLOVERBELT CREDIT UNION

Dec, 31, 2023 — CLOVERBELT CREDIT UNION is a federally insured state chartered credit union headquartered in WAUSAU, WI with 3 branch locations and about $314.88 million in total assets. Opened 88 years ago in 1936, CLOVERBELT CREDIT UNION has about 16,651 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 275982283
Name:CLOVERBELT CREDIT UNION
Address:
(Main Office)
110 McIndoe St
WAUSAU, WI 54403-4742
Phone:(715) 842-5693
Fax:(715) 842-0946
Website:https://www.ccuwausau.com
Branches:3 branch locations
Members:16,651
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66844
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1936
Last Audited:Apr 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$314,880,684
CEO/Manager:Paul J Chittum
Chairperson:Eldon Pagel

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,902,876
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 163,085,479
 Unsecured Loans 3,153,694
 Other Loans 74,086,275
 TOTAL LOANS 240,325,448
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -434,000
 Land And Building 6,648,619
 Other Fixed Assets 629,563
 NCUSIF Deposit 2,585,839
 All Other Assets 4,500
  TOTAL ASSETS 314,880,684
LIABILITIES & CAPITAL:  
 Dividends Payable 421,639
 Notes & Interest Payable 2,500,000
 Accounts Payable & Other Liabilities 1,682,922
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 37,566,281
 Regular shares 82,781,502
 All Other Shares & Deposits 151,259,911
  TOTAL SHARES & DEPOSITS 271,607,694
  TOTAL LIABILITIES 276,213,755
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 38,666,929
  TOTAL EQUITY 38,666,929
  TOTAL LIABILITIES, SHARES, & EQUITY 314,880,684
INCOME & EXPENSE  
 Loan Income 10,072,817
 Investment Income 1,023,998
 Other Income 1,043,606
 Total Employee Compensation & Benefits 4,046,582
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,995,321
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 123,246
 Cost of Funds 4,651,960
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 675,195
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