Mar, 31, 2022 — ARCHER COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in CENTRAL CITY, NE with 4 branch locations and about $87.97 million in total assets. Opened 38 years ago in 1984, ARCHER COOPERATIVE CREDIT UNION has about 4,662 members and employs 26 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ARCHER COOPERATIVE CREDIT UNION |
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Address: (Main Office) | 510 G St CENTRAL CITY, NE 68826 |
Phone: | (308) 946-3070 |
Fax: | (308) 946-3027 |
Website: | http://www.archerccu.com |
Branches: | 4 branch locations |
Members: | 4,662 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66270 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1984 |
Last Audited: | Sep 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $87,974,445 |
CEO/Manager: | Rex Minert |
Chairperson: | Tracey Hefner |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,770,308 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 32,679,801 |
Unsecured Loans | 563,623 |
Other Loans | 25,752,430 |
TOTAL LOANS | 60,841,652 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -997,107 |
Land And Building | 3,356,137 |
Other Fixed Assets | 302,856 |
NCUSIF Deposit | 682,027 |
All Other Assets | 0 |
TOTAL ASSETS | 87,974,445 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 50,661 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 724,637 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,419,878 |
Regular shares | 23,008,470 |
All Other Shares & Deposits | 31,166,973 |
TOTAL SHARES & DEPOSITS | 79,595,321 |
TOTAL LIABILITIES | 80,370,619 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 7,603,826 |
TOTAL EQUITY | 7,603,826 |
TOTAL LIABILITIES, SHARES, & EQUITY | 87,974,445 |
INCOME & EXPENSE | |
Loan Income | 723,242 |
Investment Income | 45,196 |
Other Income | 120,964 |
Total Employee Compensation & Benefits | 509,774 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 293,637 |
Non-operating Income & (Expense) | 1,204 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,000 |
Cost of Funds | 114,083 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 18,996 |
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