Dec, 31, 2023 — TRI-COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in MARINETTE, WI with 3 branch locations and about $38.34 million in total assets. Opened 88 years ago in 1936, TRI-COUNTY CREDIT UNION has about 2,854 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: | TRI-COUNTY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2205 Hall Ave MARINETTE, WI 54143 |
| Phone: | (715) 735-3913 |
| Fax: | (715) 735-6133 |
| Website: | https://www.tri-county.org |
| Branches: | 3 branch locations |
| Members: | 2,854 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66640 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $38,344,870 |
| CEO/Manager: | Rachel R Raygo |
| Chairperson: | Wanda R Carlson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,221,754 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,429,185 |
| Unsecured Loans | 6,443,122 |
| Other Loans | 11,108,952 |
| TOTAL LOANS | 28,981,257 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -549,778 |
| Land And Building | 768,347 |
| Other Fixed Assets | 86,172 |
| NCUSIF Deposit | 332,783 |
| All Other Assets | 54,963 |
| TOTAL ASSETS | 38,344,870 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,855 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 114,116 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 8,001,855 |
| Regular shares | 15,105,601 |
| All Other Shares & Deposits | 10,938,032 |
| TOTAL SHARES & DEPOSITS | 34,045,487 |
| TOTAL LIABILITIES | 34,163,458 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,181,412 |
| TOTAL EQUITY | 4,181,412 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 38,344,870 |
| INCOME & EXPENSE | |
| Loan Income | 1,332,047 |
| Investment Income | 384,186 |
| Other Income | 289,957 |
| Total Employee Compensation & Benefits | 554,696 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 698,183 |
| Non-operating Income & (Expense) | 50 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 186,076 |
| Cost of Funds | 169,770 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 377,578 |
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