Dec, 31, 2023 — COMMUNITY CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in JOHNSTON, IA with 8 branch locations and about $805.70 million in total assets. Opened 71 years ago in 1953, COMMUNITY CHOICE CREDIT UNION has about 50,948 members and employs 169 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 6163 NW 86th st JOHNSTON, IA 50131 |
| Phone: | (515) 334-8100 |
| Fax: | (515) 334-8150 |
| Website: | https://comchoicecu.org |
| Branches: | 8 branch locations |
| Members: | 50,948 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65078 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $805,699,461 |
| CEO/Manager: | Josh Cook |
| Chairperson: | Randy Dickey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,949,072 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 5,325,229 |
| Real Estate Loans | 413,606,415 |
| Unsecured Loans | 52,886,992 |
| Other Loans | 195,246,156 |
| TOTAL LOANS | 661,856,641 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,640,495 |
| Land And Building | 12,939,439 |
| Other Fixed Assets | 11,249,711 |
| NCUSIF Deposit | 6,759,720 |
| All Other Assets | 0 |
| TOTAL ASSETS | 805,699,461 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 149,416 |
| Notes & Interest Payable | 35,000,000 |
| Accounts Payable & Other Liabilities | 11,384,417 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 171,928,242 |
| Regular shares | 262,297,309 |
| All Other Shares & Deposits | 233,904,103 |
| TOTAL SHARES & DEPOSITS | 668,129,651 |
| TOTAL LIABILITIES | 714,673,238 |
| Regular Reserve | 0 |
| Other Reserves | 27,914,352 |
| Undivided Earnings | 63,111,871 |
| TOTAL EQUITY | 91,026,223 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 805,699,461 |
| INCOME & EXPENSE | |
| Loan Income | 34,622,566 |
| Investment Income | 3,553,094 |
| Other Income | 2,029,962 |
| Total Employee Compensation & Benefits | 16,449,908 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,314,690 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,313,405 |
| Cost of Funds | 6,853,059 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,627,866 |
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