Dec, 31, 2023 — CAPITOL VIEW CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 1 branch location and about $43.56 million in total assets. Opened 80 years ago in 1944, CAPITOL VIEW CREDIT UNION has about 1,841 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CAPITOL VIEW CREDIT UNION |
|---|---|
| Address: (Main Office) | 623 E 12th St DES MOINES, IA 50309 |
| Phone: | (515) 348-8350 |
| Fax: | (515) 348-8351 |
| Website: | https://www.capview.com |
| Branches: | 1 branch locations |
| Members: | 1,841 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62878 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $43,564,878 |
| CEO/Manager: | Benjamin D Sheridan |
| Chairperson: | Randal T Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,900,434 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,998,307 |
| Unsecured Loans | 1,847,855 |
| Other Loans | 9,539,063 |
| TOTAL LOANS | 24,385,225 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -181,301 |
| Land And Building | 1,001,752 |
| Other Fixed Assets | 38,953 |
| NCUSIF Deposit | 357,951 |
| All Other Assets | 0 |
| TOTAL ASSETS | 43,564,878 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 266,952 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,718,526 |
| Regular shares | 13,454,071 |
| All Other Shares & Deposits | 15,904,712 |
| TOTAL SHARES & DEPOSITS | 36,077,309 |
| TOTAL LIABILITIES | 36,344,261 |
| Regular Reserve | 0 |
| Other Reserves | 1,245,774 |
| Undivided Earnings | 5,974,843 |
| TOTAL EQUITY | 7,220,617 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,564,878 |
| INCOME & EXPENSE | |
| Loan Income | 1,250,135 |
| Investment Income | 855,100 |
| Other Income | 108,231 |
| Total Employee Compensation & Benefits | 605,791 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 769,253 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,553 |
| Cost of Funds | 427,627 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 667,809 |
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