Dec, 31, 2023 — FORT COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FORT ATKINSON, WI with 6 branch locations and about $361.86 million in total assets. Opened 84 years ago in 1940, FORT COMMUNITY CREDIT UNION has about 22,034 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FORT COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 800 Madison Ave FORT ATKINSON, WI 53538 |
| Phone: | (920) 563-7305 |
| Fax: | (920) 563-0327 |
| Website: | https://www.fortcommunity.com |
| Branches: | 6 branch locations |
| Members: | 22,034 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67184 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $361,857,773 |
| CEO/Manager: | Susan K Johnson |
| Chairperson: | Philip C Ristow |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,173,943 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 233,100 |
| Real Estate Loans | 121,872,030 |
| Unsecured Loans | 10,007,602 |
| Other Loans | 103,373,915 |
| TOTAL LOANS | 240,904,677 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,551,992 |
| Land And Building | 8,191,515 |
| Other Fixed Assets | 834,827 |
| NCUSIF Deposit | 2,843,455 |
| All Other Assets | 11,000 |
| TOTAL ASSETS | 361,857,773 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 24,000,000 |
| Accounts Payable & Other Liabilities | 4,389,937 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 62,499,687 |
| Regular shares | 102,497,200 |
| All Other Shares & Deposits | 127,752,969 |
| TOTAL SHARES & DEPOSITS | 292,749,855 |
| TOTAL LIABILITIES | 321,140,833 |
| Regular Reserve | 0 |
| Other Reserves | -5,820,812 |
| Undivided Earnings | 46,537,752 |
| TOTAL EQUITY | 40,716,940 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 361,857,773 |
| INCOME & EXPENSE | |
| Loan Income | 11,465,880 |
| Investment Income | 2,419,818 |
| Other Income | 1,068,906 |
| Total Employee Compensation & Benefits | 5,091,422 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,434,608 |
| Non-operating Income & (Expense) | -1,150 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 534,995 |
| Cost of Funds | 3,805,739 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,331,365 |
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