Dec, 31, 2023 — UNITE CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR FALLS, IA with 2 branch locations and about $22.81 million in total assets. Opened 69 years ago in 1955, UNITE CREDIT UNION has about 1,637 members and employs 6 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 |
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Address: (Main Office) | 802 W 29th St CEDAR FALLS, IA 50613-5022 |
Phone: | (319) 273-2479 |
Fax: | (319) 266-3761 |
Website: | https://www.unite-cu.org |
Branches: | 2 branch locations |
Members: | 1,637 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65071 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $22,807,044 |
CEO/Manager: | Carlos Pinto |
Chairperson: | Melissa L Beall |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,413,199 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 3,774,325 |
Unsecured Loans | 663,143 |
Other Loans | 3,500,168 |
TOTAL LOANS | 7,937,635 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -98,109 |
Land And Building | 46,503 |
Other Fixed Assets | 44,565 |
NCUSIF Deposit | 195,205 |
All Other Assets | 0 |
TOTAL ASSETS | 22,807,044 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 11,667 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 84,453 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 5,401,434 |
Regular shares | 11,720,595 |
All Other Shares & Deposits | 2,866,484 |
TOTAL SHARES & DEPOSITS | 19,988,512 |
TOTAL LIABILITIES | 20,084,632 |
Regular Reserve | 0 |
Other Reserves | 988,044 |
Undivided Earnings | 1,734,368 |
TOTAL EQUITY | 2,722,412 |
TOTAL LIABILITIES, SHARES, & EQUITY | 22,807,044 |
INCOME & EXPENSE | |
Loan Income | 503,865 |
Investment Income | 219,035 |
Other Income | 63,306 |
Total Employee Compensation & Benefits | 358,616 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 477,759 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 107,719 |
Cost of Funds | 60,417 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -104,955 |
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» See also Statement of Financial Condition