THE MUNICIPAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.municipalcu.com for more information.
Dec, 31, 2023 — THE MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in Sioux City, IA with 1 branch location and about $22.43 million in total assets. Opened 86 years ago in 1938, THE MUNICIPAL CREDIT UNION has about 2,294 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | THE MUNICIPAL CREDIT UNION |
---|---|
Address: (Main Office) | 103 So. Fairmount Sioux City, IA 51106 |
Phone: | (712) 255-3400 |
Fax: | (712) 255-1222 |
Website: | https://www.municipalcu.com |
Branches: | 1 branch locations |
Members: | 2,294 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64021 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Nov 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,428,217 |
CEO/Manager: | Michaleen M Kimsey |
Chairperson: | Mike Hamm |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,249,565 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,674,247 |
Unsecured Loans | 758,702 |
Other Loans | 4,883,092 |
TOTAL LOANS | 10,316,041 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -171,216 |
Land And Building | 66,057 |
Other Fixed Assets | 21,444 |
NCUSIF Deposit | 185,239 |
All Other Assets | 0 |
TOTAL ASSETS | 22,428,217 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,653 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 46,536 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,747,819 |
Regular shares | 14,119,423 |
All Other Shares & Deposits | 1,261,570 |
TOTAL SHARES & DEPOSITS | 20,128,812 |
TOTAL LIABILITIES | 20,177,001 |
Regular Reserve | 0 |
Other Reserves | 2,210,426 |
Undivided Earnings | 40,790 |
TOTAL EQUITY | 2,251,216 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,428,217 |
INCOME & EXPENSE | |
Loan Income | 130,054 |
Investment Income | 12,356 |
Other Income | 27,575 |
Total Employee Compensation & Benefits | 55,383 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 68,550 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
Cost of Funds | 4,580 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 33,849 |
↑ Back to Top |
» See also Statement of Financial Condition