Dec, 31, 2023 — CO-OP CREDIT UNION is a federally insured state chartered credit union headquartered in BLACK RIVER FALLS, WI with 8 branch locations and about $533.80 million in total assets. Opened 86 years ago in 1938, CO-OP CREDIT UNION has about 22,121 members and employs 92 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CO-OP CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 E Main St BLACK RIVER FALLS, WI 54615 |
| Phone: | (800) 258-0023 |
| Fax: | (715) 284-5112 |
| Website: | https://www.coopcu.com |
| Branches: | 8 branch locations |
| Members: | 22,121 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66983 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $533,801,372 |
| CEO/Manager: | Eric L Chrisinger |
| Chairperson: | Timothy S Torkelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,017,773 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 314,558,509 |
| Unsecured Loans | 4,169,193 |
| Other Loans | 97,381,233 |
| TOTAL LOANS | 436,610,359 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,163,294 |
| Land And Building | 8,001,952 |
| Other Fixed Assets | 1,386,331 |
| NCUSIF Deposit | 4,035,694 |
| All Other Assets | 5,875 |
| TOTAL ASSETS | 533,801,372 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 85,840 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 4,660,073 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 89,379,464 |
| Regular shares | 152,680,253 |
| All Other Shares & Deposits | 226,941,407 |
| TOTAL SHARES & DEPOSITS | 469,001,124 |
| TOTAL LIABILITIES | 475,748,274 |
| Regular Reserve | 0 |
| Other Reserves | 1,892,807 |
| Undivided Earnings | 56,160,291 |
| TOTAL EQUITY | 58,053,098 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 533,801,372 |
| INCOME & EXPENSE | |
| Loan Income | 18,429,234 |
| Investment Income | 1,489,064 |
| Other Income | 795,955 |
| Total Employee Compensation & Benefits | 6,427,122 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,454,529 |
| Non-operating Income & (Expense) | 82,632 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 184,081 |
| Cost of Funds | 7,462,780 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,579,611 |
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