Dec, 31, 2023 — DU TRAC COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in DUBUQUE, IA with 14 branch locations and about $1.07 billion in total assets. Opened 78 years ago in 1946, DU TRAC COMMUNITY CREDIT UNION has about 53,139 members and employs 177 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DU TRAC COMMUNITY CREDIT UNION |
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Address: (Main Office) | 3465 ASBURY RD DUBUQUE, IA 52002 |
Phone: | (563) 582-1331 |
Fax: | (563) 557-5017 |
Website: | https://www.dutrac.org |
Branches: | 14 branch locations |
Members: | 53,139 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64471 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1946 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,073,299,116 |
CEO/Manager: | ANDREW HAWKINSON |
Chairperson: | NICHOLAS J SPECHT |
ASSETS: | $ Amount |
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Cash & Equivalents | 21,651,577 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 441,789,309 |
Unsecured Loans | 18,162,531 |
Other Loans | 413,263,823 |
TOTAL LOANS | 873,215,671 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,829,044 |
Land And Building | 15,328,616 |
Other Fixed Assets | 4,438,101 |
NCUSIF Deposit | 7,692,915 |
All Other Assets | 650,198 |
TOTAL ASSETS | 1,073,299,116 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 5,101,079 |
Notes & Interest Payable | 10,000,000 |
Accounts Payable & Other Liabilities | 5,240,161 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 121,904,774 |
Regular shares | 216,350,992 |
All Other Shares & Deposits | 601,121,784 |
TOTAL SHARES & DEPOSITS | 939,377,550 |
TOTAL LIABILITIES | 959,718,790 |
Regular Reserve | 0 |
Other Reserves | 45,094,474 |
Undivided Earnings | 68,485,852 |
TOTAL EQUITY | 113,580,326 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,073,299,116 |
INCOME & EXPENSE | |
Loan Income | 39,508,860 |
Investment Income | 4,591,533 |
Other Income | 3,991,190 |
Total Employee Compensation & Benefits | 13,532,863 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,019,531 |
Non-operating Income & (Expense) | 422,765 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,508,959 |
Cost of Funds | 17,333,302 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,236,822 |
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