Dec, 31, 2023 — SHEBOYGAN AREA CREDIT UNION is a federally insured state chartered credit union headquartered in SHEBOYGAN, WI with 2 branch locations and about $79.37 million in total assets. Opened 70 years ago in 1954, SHEBOYGAN AREA CREDIT UNION has about 6,586 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SHEBOYGAN AREA CREDIT UNION |
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Address: (Main Office) | 1707 Indiana Ave SHEBOYGAN, WI 53081 |
Phone: | (920) 459-5151 |
Fax: | (920) 459-5158 |
Website: | https://www.shebareacu.com |
Branches: | 2 branch locations |
Members: | 6,586 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66616 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $79,371,079 |
CEO/Manager: | Robert F Walleser |
Chairperson: | Dione M Knop |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,257,130 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 160,000 |
Real Estate Loans | 23,778,297 |
Unsecured Loans | 681,594 |
Other Loans | 26,123,361 |
TOTAL LOANS | 50,583,252 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -515,564 |
Land And Building | 1,320,764 |
Other Fixed Assets | 124,870 |
NCUSIF Deposit | 677,064 |
All Other Assets | 0 |
TOTAL ASSETS | 79,371,079 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 80,208 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 867,399 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,383,267 |
Regular shares | 38,618,341 |
All Other Shares & Deposits | 13,485,435 |
TOTAL SHARES & DEPOSITS | 68,487,041 |
TOTAL LIABILITIES | 69,434,648 |
Regular Reserve | 0 |
Other Reserves | 338,263 |
Undivided Earnings | 9,598,168 |
TOTAL EQUITY | 9,936,431 |
TOTAL LIABILITIES, SHARES, & EQUITY | 79,371,079 |
INCOME & EXPENSE | |
Loan Income | 1,976,678 |
Investment Income | 840,357 |
Other Income | 461,110 |
Total Employee Compensation & Benefits | 1,067,313 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,206,065 |
Non-operating Income & (Expense) | 34,462 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -12,129 |
Cost of Funds | 176,754 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,414,927 |
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