Dec, 31, 2023 — MERCER CREDIT UNION is a federally insured state chartered credit union headquartered in ALEDO, IL with 1 branch location and about $2.76 million in total assets. Opened 55 years ago in 1969, MERCER CREDIT UNION has about 505 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MERCER CREDIT UNION |
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Address: (Main Office) | 100 SE 3rd Ave ALEDO, IL 61231-1740 |
Phone: | (309) 582-2005 |
Fax: | (309) 582-2005 |
Website: | https://mercercreditunion.com |
Branches: | 1 branch locations |
Members: | 505 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65995 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,762,041 |
CEO/Manager: | Jennifer Dixon |
Chairperson: | Robert Stockham |
ASSETS: | $ Amount |
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Cash & Equivalents | 203,500 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 96,404 |
Other Loans | 1,992,874 |
TOTAL LOANS | 2,089,278 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,462 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 24,794 |
All Other Assets | 0 |
TOTAL ASSETS | 2,762,041 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 13,722 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,162 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,529,808 |
All Other Shares & Deposits | 854,164 |
TOTAL SHARES & DEPOSITS | 2,383,974 |
TOTAL LIABILITIES | 2,399,858 |
Regular Reserve | 0 |
Other Reserves | 64,824 |
Undivided Earnings | 297,359 |
TOTAL EQUITY | 362,183 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,762,041 |
INCOME & EXPENSE | |
Loan Income | 78,707 |
Investment Income | 17,943 |
Other Income | 852 |
Total Employee Compensation & Benefits | 41,860 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,047 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 29,421 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,179 |
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