Dec, 31, 2023 — ACE CREDIT UNION is a federally insured state chartered credit union headquartered in MASON CITY, IA with 1 branch location and about $7.10 million in total assets. Opened 90 years ago in 1934, ACE CREDIT UNION has about 805 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ACE CREDIT UNION |
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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: | 805 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64323 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | May 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $7,100,774 |
CEO/Manager: | Ellen M Kay |
Chairperson: | Kathy Grove |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,037,872 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 670,003 |
Unsecured Loans | 105,369 |
Other Loans | 1,670,671 |
TOTAL LOANS | 2,446,043 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -40,423 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 67,282 |
All Other Assets | 0 |
TOTAL ASSETS | 7,100,774 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 4,249 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 5,733,576 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 5,733,576 |
TOTAL LIABILITIES | 5,737,825 |
Regular Reserve | 0 |
Other Reserves | 91,827 |
Undivided Earnings | 1,271,122 |
TOTAL EQUITY | 1,362,949 |
TOTAL LIABILITIES, SHARES, & EQUITY | 7,100,774 |
INCOME & EXPENSE | |
Loan Income | 94,466 |
Investment Income | 172,250 |
Other Income | 460 |
Total Employee Compensation & Benefits | 66,975 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 56,721 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 800 |
Cost of Funds | 60,329 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 95,943 |
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