Dec, 31, 2023 — CEDAR FALLS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR FALLS, IA with 4 branch locations and about $192.14 million in total assets. Opened 66 years ago in 1958, CEDAR FALLS COMMUNITY CREDIT UNION has about 8,775 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CEDAR FALLS COMMUNITY CREDIT UNION |
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Address: (Main Office) | 123 W 4th St CEDAR FALLS, IA 50613-2831 |
Phone: | (319) 266-7531 |
Fax: | (319) 266-8543 |
Website: | https://www.cfccu.org |
Branches: | 4 branch locations |
Members: | 8,775 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65565 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $192,138,212 |
CEO/Manager: | Chad Kaeppel |
Chairperson: | Becky Riehm |
ASSETS: | $ Amount |
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Cash & Equivalents | 20,714,111 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 97,221,407 |
Unsecured Loans | 5,166,240 |
Other Loans | 44,148,186 |
TOTAL LOANS | 146,535,833 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -835,428 |
Land And Building | 2,766,154 |
Other Fixed Assets | 478,780 |
NCUSIF Deposit | 1,408,019 |
All Other Assets | 0 |
TOTAL ASSETS | 192,138,212 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,438 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,858,080 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,943,576 |
Regular shares | 26,756,767 |
All Other Shares & Deposits | 106,707,970 |
TOTAL SHARES & DEPOSITS | 159,408,313 |
TOTAL LIABILITIES | 161,267,831 |
Regular Reserve | 0 |
Other Reserves | 6,458,369 |
Undivided Earnings | 24,412,012 |
TOTAL EQUITY | 30,870,381 |
TOTAL LIABILITIES, SHARES, & EQUITY | 192,138,212 |
INCOME & EXPENSE | |
Loan Income | 7,212,055 |
Investment Income | 1,400,691 |
Other Income | 497,940 |
Total Employee Compensation & Benefits | 2,129,581 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,457,480 |
Non-operating Income & (Expense) | 80,352 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,380 |
Cost of Funds | 2,887,954 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,939,233 |
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