Dec, 31, 2023 — AUSTIN CITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, MN with 1 branch location and about $11.08 million in total assets. Opened 71 years ago in 1953, AUSTIN CITY EMPLOYEES CREDIT UNION has about 798 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AUSTIN CITY EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 711 4th Ave NE AUSTIN, MN 55912 |
Phone: | (507) 433-6580 |
Fax: | (507) 433-7632 |
Website: | https://www.austincityecu.org |
Branches: | 1 branch locations |
Members: | 798 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64186 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $11,081,724 |
CEO/Manager: | Marilyn L Hansen |
Chairperson: | Melissa J Swenson |
ASSETS: | $ Amount |
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Cash & Equivalents | 727,677 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,132,121 |
Unsecured Loans | 660,592 |
Other Loans | 4,707,082 |
TOTAL LOANS | 6,499,795 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,690 |
Land And Building | 177,919 |
Other Fixed Assets | 5,474 |
NCUSIF Deposit | 95,982 |
All Other Assets | 0 |
TOTAL ASSETS | 11,081,724 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 75,355 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 978,014 |
Regular shares | 6,503,298 |
All Other Shares & Deposits | 1,813,452 |
TOTAL SHARES & DEPOSITS | 9,294,764 |
TOTAL LIABILITIES | 9,370,119 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,711,605 |
TOTAL EQUITY | 1,711,605 |
TOTAL LIABILITIES, SHARES, & EQUITY | 11,081,724 |
INCOME & EXPENSE | |
Loan Income | 353,077 |
Investment Income | 128,319 |
Other Income | 16,139 |
Total Employee Compensation & Benefits | 159,223 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 190,751 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -3,095 |
Cost of Funds | 32,536 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 158,488 |
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