Dec, 31, 2023 — IRON COUNTY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in HURLEY, WI with 2 branch locations and about $41.38 million in total assets. Opened 74 years ago in 1950, IRON COUNTY COMMUNITY CREDIT UNION has about 3,912 members and employs 11 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | IRON COUNTY COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 5702 W US Highway 2 HURLEY, WI 54534-9107 |
| Phone: | (715) 561-2842 |
| Fax: | (715) 561-3364 |
| Website: | https://www.ironcccu.com |
| Branches: | 2 branch locations |
| Members: | 3,912 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66503 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $41,376,557 |
| CEO/Manager: | MARK MARCZAK |
| Chairperson: | Susan M Wolfe |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,938,436 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,899,969 |
| Unsecured Loans | 834,501 |
| Other Loans | 17,602,721 |
| TOTAL LOANS | 28,337,191 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -156,409 |
| Land And Building | 248,606 |
| Other Fixed Assets | 91,203 |
| NCUSIF Deposit | 366,236 |
| All Other Assets | 0 |
| TOTAL ASSETS | 41,376,557 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,241 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 718,899 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 9,773,931 |
| Regular shares | 20,870,541 |
| All Other Shares & Deposits | 3,652,112 |
| TOTAL SHARES & DEPOSITS | 34,296,584 |
| TOTAL LIABILITIES | 35,016,884 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 6,359,673 |
| TOTAL EQUITY | 6,359,673 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 41,376,557 |
| INCOME & EXPENSE | |
| Loan Income | 1,325,713 |
| Investment Income | 760,097 |
| Other Income | 125,980 |
| Total Employee Compensation & Benefits | 533,626 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 750,363 |
| Non-operating Income & (Expense) | -5,733 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 138,569 |
| Cost of Funds | 50,352 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 981,959 |
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