Sep, 30, 2025 — QUAKER OATS CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR RAPIDS, IA with 1 branch location and about $12.49 million in total assets. Opened 74 years ago in 1952, QUAKER OATS CREDIT UNION has about 1,314 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: | QUAKER OATS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3535 CENTER POINT RD NE CEDAR RAPIDS, IA 52402 |
| Phone: | (319) 395-7060 |
| Fax: | (319) 395-7135 |
| Website: | https://www.quakeroatscu.com |
| Branches: | 1 branch locations |
| Members: | 1,314 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64991 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,489,900 |
| CEO/Manager: | Heather Lemke |
| Chairperson: | Ken Owens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,766,732 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,006,069 |
| Unsecured Loans | 309,516 |
| Other Loans | 4,584,904 |
| TOTAL LOANS | 5,900,489 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,043 |
| Land And Building | 56,000 |
| Other Fixed Assets | 69,511 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 101,765 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,489,900 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,100 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 83,019 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,342,600 |
| Regular shares | 5,814,643 |
| All Other Shares & Deposits | 2,133,180 |
| TOTAL SHARES & DEPOSITS | 10,290,423 |
| TOTAL LIABILITIES | 10,374,542 |
| Regular Reserve | 0 |
| Other Reserves | 442,001 |
| Undivided Earnings | 1,673,357 |
| TOTAL EQUITY | 2,115,358 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,489,900 |
| INCOME & EXPENSE | |
| Loan Income | 296,313 |
| Investment Income | 221,106 |
| Other Income | 30,958 |
| Total Employee Compensation & Benefits | 149,984 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 229,854 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 15,000 |
| Cost of Funds | 26,701 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 147,178 |
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