DES MOINES WATER WORKS CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — DES MOINES WATER WORKS CREDIT UNION is a federally insured state chartered credit union headquartered in Des Moines, IA with 1 branch location and about $1.12 million in total assets. Opened 91 years ago in 1933, DES MOINES WATER WORKS CREDIT UNION has about 373 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DES MOINES WATER WORKS CREDIT UNION |
|---|---|
| Address: (Main Office) | 2201 George Flagg Parkway Des Moines, IA 50321 |
| Phone: | (515) 282-1908 |
| Fax: | (515) 883-2768 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 373 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63486 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,116,576 |
| CEO/Manager: | NORMA THOMPSON THOMPSON |
| Chairperson: | Dawn Hinnenkamp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 248,630 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 88,884 |
| Other Loans | 661,153 |
| TOTAL LOANS | 750,037 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,346 |
| Land And Building | 0 |
| Other Fixed Assets | 3,325 |
| NCUSIF Deposit | 12,991 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,116,576 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 920 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 984,799 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 984,799 |
| TOTAL LIABILITIES | 985,719 |
| Regular Reserve | 0 |
| Other Reserves | 56,968 |
| Undivided Earnings | 73,889 |
| TOTAL EQUITY | 130,857 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,116,576 |
| INCOME & EXPENSE | |
| Loan Income | 8,818 |
| Investment Income | 88 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 6,163 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 28,331 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,800 |
| Cost of Funds | 0 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -56,387 |
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