Dec, 31, 2023 — INDEPENDENCE TEACHERS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, MO with 1 branch location and about $16.06 million in total assets. Opened 65 years ago in 1959, INDEPENDENCE TEACHERS CREDIT UNION has about 1,900 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INDEPENDENCE TEACHERS CREDIT UNION |
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Address: (Main Office) | 201 N Forest Ave Ste 3 INDEPENDENCE, MO 64050 |
Phone: | (816) 521-5378 |
Fax: | (816) 521-5603 |
Website: | https://sites.isdschools.org/itcu |
Branches: | 1 branch locations |
Members: | 1,900 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62620 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1959 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $16,063,767 |
CEO/Manager: | Angela G Cook |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,111,955 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 275,740 |
Other Loans | 5,350,229 |
TOTAL LOANS | 5,625,969 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,908 |
Land And Building | 0 |
Other Fixed Assets | 4,531 |
NCUSIF Deposit | 151,393 |
All Other Assets | 0 |
TOTAL ASSETS | 16,063,767 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 45 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 23,190 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 13,912,495 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 13,912,496 |
TOTAL LIABILITIES | 13,935,731 |
Regular Reserve | 0 |
Other Reserves | 187,450 |
Undivided Earnings | 1,940,586 |
TOTAL EQUITY | 2,128,036 |
TOTAL LIABILITIES, SHARES, & EQUITY | 16,063,767 |
INCOME & EXPENSE | |
Loan Income | 230,578 |
Investment Income | 223,089 |
Other Income | 4,153 |
Total Employee Compensation & Benefits | 149,680 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 65,532 |
Non-operating Income & (Expense) | 5,598 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,837 |
Cost of Funds | 154,809 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 79,560 |
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