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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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