FARMERS CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.farmerscu.org for more information.
Jun, 30, 2024 — FARMERS CREDIT UNION is a federally insured state chartered credit union headquartered in HAYS, KS with 1 branch location and about $16.38 million in total assets. Opened 72 years ago in 1953, FARMERS CREDIT UNION has about 1,009 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FARMERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2825 PLAZA AVENUE, PO BOX 1140 HAYS, KS 67601 |
| Phone: | (785) 625-2427 |
| Fax: | (785) 625-4256 |
| Website: | https://www.farmerscu.org |
| Branches: | 1 branch locations |
| Members: | 1,009 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62580 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $16,381,890 |
| CEO/Manager: | Dan Springer |
| Chairperson: | Brian Meder |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,328,887 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,311,774 |
| Unsecured Loans | 78,892 |
| Other Loans | 4,013,693 |
| TOTAL LOANS | 5,420,950 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -105,360 |
| Land And Building | 234,105 |
| Other Fixed Assets | 26,773 |
| NCUSIF Deposit | 146,744 |
| All Other Assets | 0 |
| TOTAL ASSETS | 16,381,890 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 473 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,686 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,479,451 |
| Regular shares | 7,984,074 |
| All Other Shares & Deposits | 2,350,395 |
| TOTAL SHARES & DEPOSITS | 14,813,920 |
| TOTAL LIABILITIES | 14,838,079 |
| Regular Reserve | 0 |
| Other Reserves | 1,500,716 |
| Undivided Earnings | 43,095 |
| TOTAL EQUITY | 1,543,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 16,381,890 |
| INCOME & EXPENSE | |
| Loan Income | 86,908 |
| Investment Income | 9,842 |
| Other Income | 5,725 |
| Total Employee Compensation & Benefits | 53,107 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 57,478 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,498 |
| Cost of Funds | 1,489 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,434 |
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