Dec, 31, 2023 — QUAKER OATS CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR RAPIDS, IA with 1 branch location and about $12.16 million in total assets. Opened 72 years ago in 1952, QUAKER OATS CREDIT UNION has about 1,407 members and employs 3 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 |
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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: | 1,407 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64991 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $12,155,446 |
CEO/Manager: | Heather Lemke |
Chairperson: | Ken Owens |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,892,383 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 720,953 |
Unsecured Loans | 316,681 |
Other Loans | 5,056,136 |
TOTAL LOANS | 6,093,770 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,360 |
Land And Building | 56,000 |
Other Fixed Assets | 94,653 |
NCUSIF Deposit | 103,113 |
All Other Assets | 0 |
TOTAL ASSETS | 12,155,446 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 175 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 114,593 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,562,606 |
Regular shares | 4,332,735 |
All Other Shares & Deposits | 3,352,727 |
TOTAL SHARES & DEPOSITS | 10,248,068 |
TOTAL LIABILITIES | 10,362,836 |
Regular Reserve | 0 |
Other Reserves | 442,001 |
Undivided Earnings | 1,350,609 |
TOTAL EQUITY | 1,792,610 |
TOTAL LIABILITIES, SHARES, & EQUITY | 12,155,446 |
INCOME & EXPENSE | |
Loan Income | 365,871 |
Investment Income | 241,991 |
Other Income | 55,835 |
Total Employee Compensation & Benefits | 243,887 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 284,902 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,500 |
Cost of Funds | 33,294 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 173,772 |
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» See also Statement of Financial Condition