Dec, 31, 2023 — DES MOINES METRO CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 1 branch location and about $69.35 million in total assets. Opened 86 years ago in 1938, DES MOINES METRO CREDIT UNION has about 7,011 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DES MOINES METRO CREDIT UNION |
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Address: (Main Office) | 100 University Ave DES MOINES, IA 50314-3121 |
Phone: | (515) 283-4195 |
Fax: | (515) 284-1652 |
Website: | https://www.dmmcu.org |
Branches: | 1 branch locations |
Members: | 7,011 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64380 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $69,348,336 |
CEO/Manager: | Jim Anderson |
Chairperson: | David Bair |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,835,616 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 21,155,881 |
Unsecured Loans | 2,370,958 |
Other Loans | 13,870,261 |
TOTAL LOANS | 37,484,617 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -300,000 |
Land And Building | 444,143 |
Other Fixed Assets | 89,807 |
NCUSIF Deposit | 596,956 |
All Other Assets | 152,598 |
TOTAL ASSETS | 69,348,336 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,172,118 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,690,393 |
Regular shares | 34,558,937 |
All Other Shares & Deposits | 9,752,708 |
TOTAL SHARES & DEPOSITS | 60,002,038 |
TOTAL LIABILITIES | 61,174,156 |
Regular Reserve | 0 |
Other Reserves | 2,288,404 |
Undivided Earnings | 5,885,776 |
TOTAL EQUITY | 8,174,180 |
TOTAL LIABILITIES, SHARES, & EQUITY | 69,348,336 |
INCOME & EXPENSE | |
Loan Income | 1,636,453 |
Investment Income | 862,568 |
Other Income | 234,862 |
Total Employee Compensation & Benefits | 945,058 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,176,022 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 237,441 |
Cost of Funds | 281,984 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 581,822 |
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