Sep, 30, 2025 — UNITE CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR FALLS, IA with 2 branch locations and about $22.07 million in total assets. Opened 71 years ago in 1955, UNITE CREDIT UNION has about 1,570 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: | UNITE CREDIT UNION |
|---|---|
| Address: (Main Office) | 403 Washington St CEDAR FALLS, IA 50613 |
| Phone: | (319) 273-2479 |
| Fax: | (319) 266-3761 |
| Website: | https://www.unite-cu.org |
| Branches: | 2 branch locations |
| Members: | 1,570 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65071 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | May 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $22,065,410 |
| CEO/Manager: | Miguel Reyes |
| Chairperson: | Gayle Pohl |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,299,634 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,098,558 |
| Unsecured Loans | 679,850 |
| Other Loans | 3,164,913 |
| TOTAL LOANS | 8,943,324 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -96,411 |
| Land And Building | 653,519 |
| Other Fixed Assets | 23,256 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 188,396 |
| All Other Assets | 0 |
| TOTAL ASSETS | 22,065,410 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,677 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 47,390 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,068,831 |
| Regular shares | 9,651,631 |
| All Other Shares & Deposits | 4,424,373 |
| TOTAL SHARES & DEPOSITS | 19,144,834 |
| TOTAL LIABILITIES | 19,212,901 |
| Regular Reserve | 0 |
| Other Reserves | 988,044 |
| Undivided Earnings | 1,864,465 |
| TOTAL EQUITY | 2,852,509 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 22,065,410 |
| INCOME & EXPENSE | |
| Loan Income | 521,161 |
| Investment Income | 214,385 |
| Other Income | 48,282 |
| Total Employee Compensation & Benefits | 250,625 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 512,282 |
| Non-operating Income & (Expense) | 273,761 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 58,341 |
| Cost of Funds | 124,040 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 134,627 |
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