Sep, 30, 2025 — EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in ESTHERVILLE, IA with 1 branch location and about $190.06 million in total assets. Opened 79 years ago in 1947, EMPLOYEES CREDIT UNION has about 9,122 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2714 Central Ave ESTHERVILLE, IA 51334 |
| Phone: | (712) 362-5897 |
| Fax: | (712) 362-2243 |
| Website: | https://www.employeescu.com |
| Branches: | 1 branch locations |
| Members: | 9,122 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63299 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1947 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $190,058,821 |
| CEO/Manager: | Mark Peters |
| Chairperson: | Sheila Borchers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,522,308 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,292,443 |
| Unsecured Loans | 10,922,734 |
| Other Loans | 52,042,356 |
| TOTAL LOANS | 89,257,533 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,191,450 |
| Land And Building | 451,912 |
| Other Fixed Assets | 62,646 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,259,886 |
| All Other Assets | 0 |
| TOTAL ASSETS | 190,058,821 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 134,676 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 526,120 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,901,931 |
| Regular shares | 8,642,491 |
| All Other Shares & Deposits | 131,240,774 |
| TOTAL SHARES & DEPOSITS | 152,785,195 |
| TOTAL LIABILITIES | 153,445,991 |
| Regular Reserve | 0 |
| Other Reserves | 26,440,899 |
| Undivided Earnings | 10,171,931 |
| TOTAL EQUITY | 36,612,830 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 190,058,821 |
| INCOME & EXPENSE | |
| Loan Income | 4,967,123 |
| Investment Income | 3,091,492 |
| Other Income | 518,957 |
| Total Employee Compensation & Benefits | 1,106,078 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 789,750 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 568,868 |
| Cost of Funds | 4,158,974 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,124,022 |
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