Dec, 31, 2023 — POWER CO-OP EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in HUMBOLDT, IA with 1 branch location and about $63.79 million in total assets. Opened 68 years ago in 1956, POWER CO-OP EMPLOYEES CREDIT UNION has about 2,401 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 |
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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: | 2,401 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61920 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $63,789,821 |
CEO/Manager: | Vicki Holden |
Chairperson: | Sandra Wurn |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,674,860 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,360,201 |
Unsecured Loans | 1,560,854 |
Other Loans | 27,844,011 |
TOTAL LOANS | 36,921,534 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,037 |
Land And Building | 144,761 |
Other Fixed Assets | 16,362 |
NCUSIF Deposit | 470,258 |
All Other Assets | 0 |
TOTAL ASSETS | 63,789,821 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 264,541 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 43,922 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,983,277 |
Regular shares | 27,919,749 |
All Other Shares & Deposits | 23,100,392 |
TOTAL SHARES & DEPOSITS | 54,003,418 |
TOTAL LIABILITIES | 54,311,881 |
Regular Reserve | 0 |
Other Reserves | 1,283,649 |
Undivided Earnings | 8,194,291 |
TOTAL EQUITY | 9,477,940 |
TOTAL LIABILITIES, SHARES, & EQUITY | 63,789,821 |
INCOME & EXPENSE | |
Loan Income | 1,703,749 |
Investment Income | 507,796 |
Other Income | 132,882 |
Total Employee Compensation & Benefits | 514,980 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 370,781 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,000 |
Cost of Funds | 875,077 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 456,878 |
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