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JOURNEY CREDIT UNION

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
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
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

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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