Dec, 31, 2023 — MOLINE MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 2 branch locations and about $49.75 million in total assets. Opened 88 years ago in 1936, MOLINE MUNICIPAL CREDIT UNION has about 2,813 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOLINE MUNICIPAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1618 15th St MOLINE, IL 61265-3982 |
| Phone: | (309) 797-2185 |
| Fax: | (309) 797-0511 |
| Website: | https://www.molinecu.org |
| Branches: | 2 branch locations |
| Members: | 2,813 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60186 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,745,353 |
| CEO/Manager: | Connie Adkison |
| Chairperson: | Brian Vyncke |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,474,704 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,397,820 |
| Unsecured Loans | 3,429,515 |
| Other Loans | 16,873,707 |
| TOTAL LOANS | 39,701,042 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -244,191 |
| Land And Building | 20,000 |
| Other Fixed Assets | 40,604 |
| NCUSIF Deposit | 411,352 |
| All Other Assets | 81,657 |
| TOTAL ASSETS | 49,745,353 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,045 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 237,016 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,180,248 |
| Regular shares | 25,668,270 |
| All Other Shares & Deposits | 9,857,714 |
| TOTAL SHARES & DEPOSITS | 41,706,233 |
| TOTAL LIABILITIES | 41,955,294 |
| Regular Reserve | 0 |
| Other Reserves | 1,949,845 |
| Undivided Earnings | 5,840,214 |
| TOTAL EQUITY | 7,790,059 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,745,353 |
| INCOME & EXPENSE | |
| Loan Income | 1,802,984 |
| Investment Income | 309,445 |
| Other Income | 187,699 |
| Total Employee Compensation & Benefits | 750,881 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 667,119 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,830 |
| Cost of Funds | 242,592 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 719,106 |
| ↑ Back to Top | |