Dec, 31, 2023 — ELECTRO SAVINGS CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT LOUIS, MO with 5 branch locations and about $210.09 million in total assets. Opened 83 years ago in 1941, ELECTRO SAVINGS CREDIT UNION has about 21,016 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELECTRO SAVINGS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1805 Craigshire Rd SAINT LOUIS, MO 63146 |
| Phone: | (314) 434-6470 |
| Fax: | (314) 434-3558 |
| Website: | https://www.electrosavings.com |
| Branches: | 5 branch locations |
| Members: | 21,016 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62590 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $210,088,815 |
| CEO/Manager: | Jim Struble |
| Chairperson: | James Mullineaux |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 22,936,708 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 70,884,359 |
| Unsecured Loans | 9,874,224 |
| Other Loans | 82,057,488 |
| TOTAL LOANS | 162,816,071 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,519,323 |
| Land And Building | 8,221,151 |
| Other Fixed Assets | 597,984 |
| NCUSIF Deposit | 1,906,678 |
| All Other Assets | 674,369 |
| TOTAL ASSETS | 210,088,815 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 2,424,118 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,860,913 |
| Regular shares | 60,504,138 |
| All Other Shares & Deposits | 88,737,245 |
| TOTAL SHARES & DEPOSITS | 192,102,295 |
| TOTAL LIABILITIES | 199,526,413 |
| Regular Reserve | 0 |
| Other Reserves | -266,242 |
| Undivided Earnings | 10,828,644 |
| TOTAL EQUITY | 10,562,402 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 210,088,815 |
| INCOME & EXPENSE | |
| Loan Income | 8,876,501 |
| Investment Income | 673,471 |
| Other Income | 1,572,061 |
| Total Employee Compensation & Benefits | 4,690,416 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,156,513 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,872,838 |
| Cost of Funds | 2,879,124 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,109,596 |
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