Dec, 31, 2023 — JOURNEY CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 2 branch locations and about $84.08 million in total assets. Opened 70 years ago in 1954, JOURNEY CREDIT UNION has about 5,068 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | JOURNEY CREDIT UNION |
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Address: (Main Office) | 1400 2nd Ave DES MOINES, IA 50314-3403 |
Phone: | (515) 243-8735 |
Fax: | (515) 243-4423 |
Website: | https://www.journeycu.org |
Branches: | 2 branch locations |
Members: | 5,068 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64361 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $84,078,284 |
CEO/Manager: | Rachel Ballenger |
Chairperson: | Ted Crow |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,871,246 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 16,661,763 |
Unsecured Loans | 1,848,028 |
Other Loans | 30,088,583 |
TOTAL LOANS | 48,626,820 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -420,395 |
Land And Building | 1,665,678 |
Other Fixed Assets | 107,619 |
NCUSIF Deposit | 678,196 |
All Other Assets | 0 |
TOTAL ASSETS | 84,078,284 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 994,731 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,973,886 |
Regular shares | 23,417,211 |
All Other Shares & Deposits | 38,841,955 |
TOTAL SHARES & DEPOSITS | 70,233,052 |
TOTAL LIABILITIES | 71,227,783 |
Regular Reserve | 0 |
Other Reserves | 2,759,497 |
Undivided Earnings | 10,091,004 |
TOTAL EQUITY | 12,850,501 |
TOTAL LIABILITIES, SHARES, & EQUITY | 84,078,284 |
INCOME & EXPENSE | |
Loan Income | 2,801,801 |
Investment Income | 1,229,927 |
Other Income | 901,388 |
Total Employee Compensation & Benefits | 1,153,876 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,288,993 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 279,963 |
Cost of Funds | 1,131,651 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,443,888 |
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» See also Statement of Financial Condition