Sep, 30, 2025 — THE FAMILY CREDIT UNION is a federally insured state chartered credit union headquartered in DAVENPORT, IA with 10 branch locations and about $243.64 million in total assets. Opened 91 years ago in 1935, THE FAMILY CREDIT UNION has about 20,256 members and employs 68 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | THE FAMILY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1530 W 53rd St DAVENPORT, IA 52806 |
| Phone: | (563) 388-8328 |
| Fax: | (563) 388-0456 |
| Website: | https://www.familycu.com |
| Branches: | 10 branch locations |
| Members: | 20,256 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60728 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $243,643,623 |
| CEO/Manager: | Michael J Brandt |
| Chairperson: | William A Buckley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,586,330 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,876,747 |
| Unsecured Loans | 12,030,247 |
| Other Loans | 61,556,176 |
| TOTAL LOANS | 140,702,678 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,449,904 |
| Land And Building | 2,410,497 |
| Other Fixed Assets | 482,423 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,062,393 |
| All Other Assets | 523,478 |
| TOTAL ASSETS | 243,643,623 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 231,539 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,607,290 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 40,560,961 |
| Regular shares | 109,893,660 |
| All Other Shares & Deposits | 56,772,362 |
| TOTAL SHARES & DEPOSITS | 207,226,982 |
| TOTAL LIABILITIES | 209,065,811 |
| Regular Reserve | 0 |
| Other Reserves | 6,129,473 |
| Undivided Earnings | 28,448,339 |
| TOTAL EQUITY | 34,577,812 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 243,643,623 |
| INCOME & EXPENSE | |
| Loan Income | 7,070,579 |
| Investment Income | 2,323,841 |
| Other Income | 1,112,738 |
| Total Employee Compensation & Benefits | 2,887,988 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 4,246,322 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,289,649 |
| Cost of Funds | 2,334,826 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,481,067 |
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