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National Credit Union Service Organization

SUPERIOR CHOICE CREDIT UNION

Dec, 31, 2023 — SUPERIOR CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in Superior, WI with 12 branch locations and about $804.12 million in total assets. Opened 92 years ago in 1932, SUPERIOR CHOICE CREDIT UNION has about 41,987 members and employs 160 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291880916
Name:SUPERIOR CHOICE CREDIT UNION
Address:
(Main Office)
1320 Grand Ave.
Superior, WI 54880
Phone:(715) 392-5616
Fax:(715) 395-0118
Website:https://www.superiorchoice.com
Branches:12 branch locations
Members:41,987
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67173
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1932
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$804,124,778
CEO/Manager:Tim Foster
Chairperson:Mark Casper

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 41,994,427
TOTAL INVESTMENTS 0
Loans Held for Sale 131,005
 
 Real Estate Loans 401,160,915
 Unsecured Loans 29,808,489
 Other Loans 206,665,599
 TOTAL LOANS 639,284,740
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,793,665
 Land And Building 22,441,559
 Other Fixed Assets 4,813,037
 NCUSIF Deposit 6,101,936
 All Other Assets 1,900,858
  TOTAL ASSETS 804,124,778
LIABILITIES & CAPITAL:  
 Dividends Payable 364,444
 Notes & Interest Payable 76,500,000
 Accounts Payable & Other Liabilities 4,514,579
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 155,556,985
 Regular shares 164,661,188
 All Other Shares & Deposits 342,263,316
  TOTAL SHARES & DEPOSITS 662,481,489
  TOTAL LIABILITIES 743,930,152
 Regular Reserve 0
 Other Reserves -3,960,114
 Undivided Earnings 64,154,740
  TOTAL EQUITY 60,194,626
  TOTAL LIABILITIES, SHARES, & EQUITY 804,124,778
INCOME & EXPENSE  
 Loan Income 31,637,376
 Investment Income 6,389,793
 Other Income 2,456,057
 Total Employee Compensation & Benefits 14,366,396
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,103,558
 Non-operating Income & (Expense) 1,963,761
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,285,333
 Cost of Funds 13,554,979
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -7,104,346
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