Dec, 31, 2023 — COLLINS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR RAPIDS, IA with 9 branch locations and about $1.62 billion in total assets. Opened 84 years ago in 1940, COLLINS COMMUNITY CREDIT UNION has about 82,668 members and employs 213 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COLLINS COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1005 Blairs Ferry Rd NE CEDAR RAPIDS, IA 52402-1219 |
Phone: | (319) 393-9000 |
Fax: | (319) 378-3399 |
Website: | https://www.collinscu.org |
Branches: | 9 branch locations |
Members: | 82,668 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62969 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1940 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,623,342,311 |
CEO/Manager: | Sandra Vaughan |
Chairperson: | Marsha A Schulte |
ASSETS: | $ Amount |
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Cash & Equivalents | 92,972,670 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 365,600 |
Real Estate Loans | 1,011,926,559 |
Unsecured Loans | 32,611,818 |
Other Loans | 161,267,157 |
TOTAL LOANS | 1,205,929,381 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,176,199 |
Land And Building | 50,309,946 |
Other Fixed Assets | 18,297,904 |
NCUSIF Deposit | 12,026,964 |
All Other Assets | 88,988 |
TOTAL ASSETS | 1,623,342,311 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 6,689 |
Notes & Interest Payable | 217,573,179 |
Accounts Payable & Other Liabilities | 10,188,967 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 314,917,700 |
Regular shares | 225,899,627 |
All Other Shares & Deposits | 753,174,195 |
TOTAL SHARES & DEPOSITS | 1,293,991,523 |
TOTAL LIABILITIES | 1,521,875,163 |
Regular Reserve | 0 |
Other Reserves | 88,825,472 |
Undivided Earnings | 12,641,676 |
TOTAL EQUITY | 101,467,148 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,623,342,311 |
INCOME & EXPENSE | |
Loan Income | 59,333,306 |
Investment Income | 9,252,395 |
Other Income | 9,069,598 |
Total Employee Compensation & Benefits | 21,828,949 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 26,504,151 |
Non-operating Income & (Expense) | -653,018 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,265,584 |
Cost of Funds | 35,275,024 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,670,251 |
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