Dec, 31, 2023 — UNITED EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in MENDOTA HEIGHTS, MN with 2 branch locations and about $226.91 million in total assets. Opened 67 years ago in 1957, UNITED EDUCATORS CREDIT UNION has about 16,928 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNITED EDUCATORS CREDIT UNION |
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Address: (Main Office) | 1270 Northland Dr Ste 350 MENDOTA HEIGHTS, MN 55120-1156 |
Phone: | (651) 264-0669 |
Fax: | |
Website: | https://www.uecu.coop |
Branches: | 2 branch locations |
Members: | 16,928 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62964 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $226,908,188 |
CEO/Manager: | Paul R Dammann |
Chairperson: | Mona Springis-Doss |
ASSETS: | $ Amount |
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Cash & Equivalents | 672,757 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,231,910 |
Unsecured Loans | 7,344,292 |
Other Loans | 103,184,503 |
TOTAL LOANS | 136,760,705 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -352,374 |
Land And Building | 3,589,887 |
Other Fixed Assets | 412,912 |
NCUSIF Deposit | 1,899,433 |
All Other Assets | 0 |
TOTAL ASSETS | 226,908,188 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 192,410 |
Notes & Interest Payable | 12,525,000 |
Accounts Payable & Other Liabilities | 1,272,949 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 58,304,080 |
Regular shares | 48,077,585 |
All Other Shares & Deposits | 87,839,850 |
TOTAL SHARES & DEPOSITS | 194,221,515 |
TOTAL LIABILITIES | 208,211,874 |
Regular Reserve | 0 |
Other Reserves | -3,303,996 |
Undivided Earnings | 22,000,310 |
TOTAL EQUITY | 18,696,314 |
TOTAL LIABILITIES, SHARES, & EQUITY | 226,908,188 |
INCOME & EXPENSE | |
Loan Income | 7,179,433 |
Investment Income | 1,454,565 |
Other Income | 445,623 |
Total Employee Compensation & Benefits | 2,926,505 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,787,156 |
Non-operating Income & (Expense) | 256,705 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 163,700 |
Cost of Funds | 2,467,598 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 614,096 |
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» See also Statement of Financial Condition