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MOWER COUNTY EMPLOYEES CREDIT UNION

Jun, 30, 2023 — MOWER COUNTY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in AUSTIN, MN with 1 branch location and about $12.34 million in total assets. Opened 63 years ago in 1961, MOWER COUNTY EMPLOYEES CREDIT UNION has about 753 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOWER COUNTY EMPLOYEES CREDIT UNION
Address:
(Main Office)
900 18th Ave NW
AUSTIN, MN 55912
Phone:(507) 437-6360
Fax:(507) 437-2964
Website:https://www.mowercountyecu.org
Branches:1 branch locations
Members:753
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:64518
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1961
Last Audited:Sep 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$12,337,286
CEO/Manager:Stephanie M Riles
Chairperson:DUANE FELT

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 607,352
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 3,832,989
 Unsecured Loans 566,415
 Other Loans 5,220,288
 TOTAL LOANS 9,619,692
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -78,553
 Land And Building 218,275
 Other Fixed Assets 2,770
 NCUSIF Deposit 99,203
 All Other Assets 0
  TOTAL ASSETS 12,337,286
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 200,000
 Accounts Payable & Other Liabilities 162,941
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 570,567
 Regular shares 3,645,277
 All Other Shares & Deposits 6,158,368
  TOTAL SHARES & DEPOSITS 10,374,212
  TOTAL LIABILITIES 10,737,153
 Regular Reserve 0
 Other Reserves 174,859
 Undivided Earnings 1,425,274
  TOTAL EQUITY 1,600,133
  TOTAL LIABILITIES, SHARES, & EQUITY 12,337,286
INCOME & EXPENSE  
 Loan Income 354,724
 Investment Income 23,926
 Other Income 24,084
 Total Employee Compensation & Benefits 107,142
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 151,368
 Non-operating Income & (Expense) 17,575
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 27,680
 Cost of Funds 59,503
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 77,224
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