Jun, 30, 2024 — UNITED EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in MENDOTA HEIGHTS, MN with 2 branch locations and about $233.63 million in total assets. Opened 67 years ago in 1957, UNITED EDUCATORS CREDIT UNION has about 17,057 members and employs 28 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 55120-1178 |
Phone: | (651) 264-0669 |
Fax: | |
Website: | https://www.uecu.coop |
Branches: | 2 branch locations |
Members: | 17,057 |
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, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $233,625,253 |
CEO/Manager: | Paul R Dammann |
Chairperson: | Mona Springis-Doss |
ASSETS: | $ Amount |
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Cash & Equivalents | 496,179 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 26,171,692 |
Unsecured Loans | 8,064,574 |
Other Loans | 112,127,409 |
TOTAL LOANS | 146,363,675 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -545,374 |
Land And Building | 3,746,405 |
Other Fixed Assets | 625,059 |
NCUSIF Deposit | 2,056,910 |
All Other Assets | 0 |
TOTAL ASSETS | 233,625,253 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 53,738 |
Notes & Interest Payable | 7,910,000 |
Accounts Payable & Other Liabilities | 994,490 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 62,583,898 |
Regular shares | 57,149,649 |
All Other Shares & Deposits | 88,737,273 |
TOTAL SHARES & DEPOSITS | 208,470,820 |
TOTAL LIABILITIES | 217,429,048 |
Regular Reserve | 0 |
Other Reserves | -4,800,649 |
Undivided Earnings | 20,996,854 |
TOTAL EQUITY | 16,196,205 |
TOTAL LIABILITIES, SHARES, & EQUITY | 233,625,253 |
INCOME & EXPENSE | |
Loan Income | 4,149,655 |
Investment Income | 666,348 |
Other Income | 350,204 |
Total Employee Compensation & Benefits | 2,136,277 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,105,675 |
Non-operating Income & (Expense) | 487,875 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 128,988 |
Cost of Funds | 423,870 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 430,018 |
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