Dec, 31, 2023 — CO-OPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in COFFEYVILLE, KS with 1 branch location and about $22.37 million in total assets. Opened 87 years ago in 1937, CO-OPERATIVE CREDIT UNION has about 3,172 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CO-OPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 313 W 9th St COFFEYVILLE, KS 67337-5813 |
| Phone: | (620) 251-5290 |
| Fax: | (620) 251-8554 |
| Website: | https://www.cooperativecu.com |
| Branches: | 1 branch locations |
| Members: | 3,172 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61783 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,372,982 |
| CEO/Manager: | Lyle S Martin |
| Chairperson: | Clyde Kastler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,886,562 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,011,870 |
| Unsecured Loans | 531,416 |
| Other Loans | 8,569,772 |
| TOTAL LOANS | 12,113,059 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,454 |
| Land And Building | 195,059 |
| Other Fixed Assets | 66,312 |
| NCUSIF Deposit | 192,411 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,372,982 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -41,771 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,928,033 |
| Regular shares | 10,037,777 |
| All Other Shares & Deposits | 3,796,253 |
| TOTAL SHARES & DEPOSITS | 19,762,063 |
| TOTAL LIABILITIES | 19,720,292 |
| Regular Reserve | 0 |
| Other Reserves | 1,373,108 |
| Undivided Earnings | 1,279,582 |
| TOTAL EQUITY | 2,652,690 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,372,982 |
| INCOME & EXPENSE | |
| Loan Income | 595,692 |
| Investment Income | 200,751 |
| Other Income | 159,285 |
| Total Employee Compensation & Benefits | 330,755 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 468,733 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 203 |
| Cost of Funds | 119,098 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 48,277 |
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