Jun, 30, 2024 — CENTRAL COMMUNICATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in INDEPENDENCE, MO with 2 branch locations and about $54.51 million in total assets. Opened 90 years ago in 1935, CENTRAL COMMUNICATIONS CREDIT UNION has about 4,647 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CENTRAL COMMUNICATIONS CREDIT UNION |
|---|---|
| Address: (Main Office) | 17811 E US Highway 40 INDEPENDENCE, MO 64055 |
| Phone: | (816) 842-0727 |
| Fax: | (816) 472-4912 |
| Website: | https://www.centralccu.com |
| Branches: | 2 branch locations |
| Members: | 4,647 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64196 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $54,512,829 |
| CEO/Manager: | Philip M Weber |
| Chairperson: | Loyd Arnold |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,186,332 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,492,420 |
| Unsecured Loans | 1,602,952 |
| Other Loans | 6,720,286 |
| TOTAL LOANS | 16,815,658 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -56,192 |
| Land And Building | 1,363,771 |
| Other Fixed Assets | 34,237 |
| NCUSIF Deposit | 482,908 |
| All Other Assets | 3,800 |
| TOTAL ASSETS | 54,512,829 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 223,426 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 10,526,888 |
| Regular shares | 26,650,718 |
| All Other Shares & Deposits | 17,081,187 |
| TOTAL SHARES & DEPOSITS | 54,258,793 |
| TOTAL LIABILITIES | 54,482,219 |
| Regular Reserve | 0 |
| Other Reserves | -2,601,175 |
| Undivided Earnings | 2,631,785 |
| TOTAL EQUITY | 30,610 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 54,512,829 |
| INCOME & EXPENSE | |
| Loan Income | 524,918 |
| Investment Income | 389,478 |
| Other Income | 183,323 |
| Total Employee Compensation & Benefits | 576,315 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 740,437 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,307 |
| Cost of Funds | 57,206 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -137,879 |
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