HOMETOWN CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.hometowncuia.com for more information.
Sep, 30, 2025 — HOMETOWN CREDIT UNION is a federally insured state chartered credit union headquartered in Shenandoah, IA with 1 branch location and about $2.93 million in total assets. Opened 48 years ago in 1978, HOMETOWN CREDIT UNION has about 828 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HOMETOWN CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 Maple St., #3 Shenandoah, IA 51601 |
| Phone: | (712) 246-4449 |
| Fax: | (712) 246-6146 |
| Website: | https://www.hometowncuia.com |
| Branches: | 1 branch locations |
| Members: | 828 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65445 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Mar 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,927,139 |
| CEO/Manager: | Michele Welchans |
| Chairperson: |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 298,744 |
| TOTAL INVESTMENTS | 50,000 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 247,558 |
| Other Loans | 2,394,398 |
| TOTAL LOANS | 2,641,956 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,698 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 22,822 |
| All Other Assets | 2,315 |
| TOTAL ASSETS | 2,927,139 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 601 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,120 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 491,692 |
| All Other Shares & Deposits | 1,858,616 |
| TOTAL SHARES & DEPOSITS | 2,350,308 |
| TOTAL LIABILITIES | 2,363,029 |
| Regular Reserve | 129,779 |
| Other Reserves | 0 |
| Undivided Earnings | 434,331 |
| TOTAL EQUITY | 564,110 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,927,139 |
| INCOME & EXPENSE | |
| Loan Income | 165,779 |
| Investment Income | 909 |
| Other Income | 388 |
| Total Employee Compensation & Benefits | 72,870 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 70,993 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 15,780 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,870 |
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