Dec, 31, 2023 — SUPERIOR MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SUPERIOR, WI with 1 branch location and about $2.96 million in total assets. Opened 36 years ago in 1988, SUPERIOR MUNICIPAL EMPLOYEES CREDIT UNION has about 544 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUPERIOR MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1316 N 14th St SUPERIOR, WI 54880 |
| Phone: | (715) 392-4466 |
| Fax: | (715) 392-4466 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 544 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67237 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1988 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,957,123 |
| CEO/Manager: | Michael P Conway |
| Chairperson: | Dennis Dalbec |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 286,995 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 136,082 |
| Other Loans | 2,442,589 |
| TOTAL LOANS | 2,578,670 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,962 |
| Land And Building | 0 |
| Other Fixed Assets | 1,175 |
| NCUSIF Deposit | 28,729 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,957,123 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 73,145 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,485,761 |
| All Other Shares & Deposits | 901,111 |
| TOTAL SHARES & DEPOSITS | 2,386,871 |
| TOTAL LIABILITIES | 2,460,016 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 497,107 |
| TOTAL EQUITY | 497,107 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,957,123 |
| INCOME & EXPENSE | |
| Loan Income | 128,488 |
| Investment Income | 18,415 |
| Other Income | 1,466 |
| Total Employee Compensation & Benefits | 88,903 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,744 |
| Non-operating Income & (Expense) | 2,586 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,005 |
| Cost of Funds | 41,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -49,874 |
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