Dec, 31, 2023 — S E C U CREDIT UNION is a federally insured state chartered credit union headquartered in KEOKUK, IA with 1 branch location and about $1.79 million in total assets. Opened 61 years ago in 1963, S E C U CREDIT UNION has about 723 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | S E C U CREDIT UNION |
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Address: (Main Office) | 3200 Main St KEOKUK, IA 52632 |
Phone: | (319) 524-4560 |
Fax: | (319) 524-7373 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 723 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64269 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,792,006 |
CEO/Manager: | Tanya R O'Shea |
Chairperson: | REX MALONE |
ASSETS: | $ Amount |
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Cash & Equivalents | 449,746 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 72,564 |
Other Loans | 1,108,181 |
TOTAL LOANS | 1,180,745 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,625 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 11,304 |
All Other Assets | 0 |
TOTAL ASSETS | 1,792,006 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 6,623 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,257,248 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 1,257,248 |
TOTAL LIABILITIES | 1,263,871 |
Regular Reserve | 0 |
Other Reserves | 116,011 |
Undivided Earnings | 412,124 |
TOTAL EQUITY | 528,135 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,792,006 |
INCOME & EXPENSE | |
Loan Income | 74,221 |
Investment Income | 21,335 |
Other Income | 1,426 |
Total Employee Compensation & Benefits | 29,014 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,445 |
Non-operating Income & (Expense) | 1,432 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,074 |
Cost of Funds | 5,763 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,118 |
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» See also Statement of Financial Condition