Dec, 31, 2023 — AEGIS CREDIT UNION is a federally insured state chartered credit union headquartered in CLINTON, IA with 1 branch location and about $23.80 million in total assets. Opened 45 years ago in 1979, AEGIS CREDIT UNION has about 3,504 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: | AEGIS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1200 N 2nd St CLINTON, IA 52732 |
| Phone: | (563) 242-0531 |
| Fax: | (563) 242-8744 |
| Website: | https://www.aegiscu.com |
| Branches: | 1 branch locations |
| Members: | 3,504 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65521 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,796,774 |
| CEO/Manager: | Tim L Clark |
| Chairperson: | Michelle R Peska |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,083,916 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,192,771 |
| Other Loans | 15,796,985 |
| TOTAL LOANS | 16,989,756 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -189,000 |
| Land And Building | 382,139 |
| Other Fixed Assets | 78,219 |
| NCUSIF Deposit | 184,168 |
| All Other Assets | 0 |
| TOTAL ASSETS | 23,796,774 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 825 |
| Notes & Interest Payable | 500,000 |
| Accounts Payable & Other Liabilities | 33,015 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,123,505 |
| Regular shares | 11,152,910 |
| All Other Shares & Deposits | 4,604,572 |
| TOTAL SHARES & DEPOSITS | 19,880,987 |
| TOTAL LIABILITIES | 20,414,827 |
| Regular Reserve | 0 |
| Other Reserves | 959,518 |
| Undivided Earnings | 2,422,429 |
| TOTAL EQUITY | 3,381,947 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,796,774 |
| INCOME & EXPENSE | |
| Loan Income | 1,021,472 |
| Investment Income | 225,636 |
| Other Income | 209,551 |
| Total Employee Compensation & Benefits | 496,836 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 538,646 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 64,298 |
| Cost of Funds | 150,199 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 386,228 |
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