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MEADOWLAND CREDIT UNION

Dec, 31, 2023 — MEADOWLAND CREDIT UNION is a federally insured state chartered credit union headquartered in SHEBOYGAN FALLS, WI with 0 branch location and about $31.63 million in total assets. Opened 67 years ago in 1957, MEADOWLAND CREDIT UNION has about 2,604 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEADOWLAND CREDIT UNION
Address:
(Main Office)
1040 N Main St
SHEBOYGAN FALLS, WI 53085
Phone:(920) 467-8105
Fax:(920) 467-8417
Website:https://www.meadowlandcu.org
Branches:0 branch locations
Members:2,604
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66618
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$31,630,096
CEO/Manager:David Horner
Chairperson:Daniel Abts

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,875,660
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 14,861,856
 Unsecured Loans 1,667,019
 Other Loans 8,101,675
 TOTAL LOANS 24,630,550
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -37,511
 Land And Building 570,416
 Other Fixed Assets 49,366
 NCUSIF Deposit 283,684
 All Other Assets 0
  TOTAL ASSETS 31,630,096
LIABILITIES & CAPITAL:  
 Dividends Payable 45
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 154,680
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,608,272
 Regular shares 12,226,544
 All Other Shares & Deposits 12,005,169
  TOTAL SHARES & DEPOSITS 28,839,985
  TOTAL LIABILITIES 28,994,710
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,635,386
  TOTAL EQUITY 2,635,386
  TOTAL LIABILITIES, SHARES, & EQUITY 31,630,096
INCOME & EXPENSE  
 Loan Income 1,093,468
 Investment Income 217,096
 Other Income 70,492
 Total Employee Compensation & Benefits 435,809
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 672,391
 Non-operating Income & (Expense) -7,125
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -2,046
 Cost of Funds 185,695
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 210,227
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