Jun, 30, 2024 — SUMMIT RIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in LEES SUMMIT, MO with 1 branch location and about $22.80 million in total assets. Opened 70 years ago in 1955, SUMMIT RIDGE CREDIT UNION has about 1,852 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUMMIT RIDGE CREDIT UNION |
---|---|
Address: (Main Office) | 3485 NE Ralph Powell Rd LEES SUMMIT, MO 64064 |
Phone: | (816) 272-6160 |
Fax: | (816) 272-6266 |
Website: | https://mysrcu.com |
Branches: | 1 branch locations |
Members: | 1,852 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64394 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,803,883 |
CEO/Manager: | Sharri Wardlow |
Chairperson: | Norm Beeman |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 1,821,202 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 44,539 |
Unsecured Loans | 1,451,595 |
Other Loans | 13,335,402 |
TOTAL LOANS | 14,831,536 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,731 |
Land And Building | 411,389 |
Other Fixed Assets | 3,198 |
NCUSIF Deposit | 178,217 |
All Other Assets | 0 |
TOTAL ASSETS | 22,803,883 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 23,187 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 346,601 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,529,386 |
Regular shares | 12,323,548 |
All Other Shares & Deposits | 6,969,068 |
TOTAL SHARES & DEPOSITS | 20,822,002 |
TOTAL LIABILITIES | 21,191,790 |
Regular Reserve | 0 |
Other Reserves | 96,543 |
Undivided Earnings | 1,515,550 |
TOTAL EQUITY | 1,612,093 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,803,883 |
INCOME & EXPENSE | |
Loan Income | 527,791 |
Investment Income | 68,789 |
Other Income | 50,993 |
Total Employee Compensation & Benefits | 261,764 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 354,269 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 59,663 |
Cost of Funds | 54,520 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -731 |
↑ Back to Top |