Sep, 30, 2025 — POWER CO-OP EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HUMBOLDT, IA with 1 branch location and about $75.90 million in total assets. Opened 70 years ago in 1956, POWER CO-OP EMPLOYEES CREDIT UNION has about 2,811 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POWER CO-OP EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1208 13th St N HUMBOLDT, IA 50548 |
| Phone: | (515) 332-4096 |
| Fax: | (515) 332-2832 |
| Website: | https://www.powercoopcu.com |
| Branches: | 1 branch locations |
| Members: | 2,811 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61920 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $75,901,951 |
| CEO/Manager: | Andrea R Harms |
| Chairperson: | Sandra Wurn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,600,251 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 9,356,463 |
| Unsecured Loans | 1,904,921 |
| Other Loans | 41,731,227 |
| TOTAL LOANS | 53,223,635 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -415,297 |
| Land And Building | 196,626 |
| Other Fixed Assets | 15,791 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 573,261 |
| All Other Assets | 0 |
| TOTAL ASSETS | 75,901,951 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 188,415 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 168,558 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,461,512 |
| Regular shares | 28,602,018 |
| All Other Shares & Deposits | 32,462,083 |
| TOTAL SHARES & DEPOSITS | 64,525,613 |
| TOTAL LIABILITIES | 64,882,586 |
| Regular Reserve | 0 |
| Other Reserves | 1,779,302 |
| Undivided Earnings | 9,240,063 |
| TOTAL EQUITY | 11,019,365 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 75,901,951 |
| INCOME & EXPENSE | |
| Loan Income | 2,240,600 |
| Investment Income | 519,347 |
| Other Income | 137,049 |
| Total Employee Compensation & Benefits | 464,392 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 354,710 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 334,028 |
| Cost of Funds | 1,179,723 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 713,666 |
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