Sep, 30, 2025 — ACE CREDIT UNION is a federally insured state chartered credit union headquartered in MASON CITY, IA with 1 branch location and about $7.68 million in total assets. Opened 92 years ago in 1934, ACE CREDIT UNION has about 776 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1028 14th St SE MASON CITY, IA 50401-6955 |
| Phone: | (641) 424-6330 |
| Fax: | (641) 424-6330 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 776 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64323 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,683,224 |
| CEO/Manager: | Ellen M Kay |
| Chairperson: | Kathy Grove |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,008,194 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 394,323 |
| Unsecured Loans | 78,767 |
| Other Loans | 1,178,963 |
| TOTAL LOANS | 1,652,053 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,621 |
| Land And Building | 0 |
| Other Fixed Assets | 9,451 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 59,147 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,683,224 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,623 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 6,160,923 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 6,160,924 |
| TOTAL LIABILITIES | 6,165,547 |
| Regular Reserve | 0 |
| Other Reserves | 103,357 |
| Undivided Earnings | 1,414,320 |
| TOTAL EQUITY | 1,517,677 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,683,224 |
| INCOME & EXPENSE | |
| Loan Income | 74,454 |
| Investment Income | 164,214 |
| Other Income | 182 |
| Total Employee Compensation & Benefits | 50,345 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 42,592 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 83,902 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 62,011 |
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