Dec, 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 $85.39 million in total assets. Opened 39 years ago in 1984, ARCHER COOPERATIVE CREDIT UNION has about 4,831 members and employs 27 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 |
|---|---|
| Address: (Main Office) | 510 G St CENTRAL CITY, NE 68826 |
| Phone: | (308) 946-3070 |
| Fax: | (308) 946-3027 |
| Website: | https://www.archerccu.com |
| Branches: | 4 branch locations |
| Members: | 4,831 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66270 |
|---|---|
| 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: | $85,394,964 |
| CEO/Manager: | Rex Minert |
| Chairperson: | Tracey Hefner |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,282,123 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 34,955,230 |
| Unsecured Loans | 571,305 |
| Other Loans | 28,587,498 |
| TOTAL LOANS | 68,131,521 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,083,762 |
| Land And Building | 3,292,450 |
| Other Fixed Assets | 349,670 |
| NCUSIF Deposit | 700,258 |
| All Other Assets | 0 |
| TOTAL ASSETS | 85,394,964 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 47,046 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 500,783 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,669,409 |
| Regular shares | 23,758,446 |
| All Other Shares & Deposits | 29,553,681 |
| TOTAL SHARES & DEPOSITS | 76,981,536 |
| TOTAL LIABILITIES | 77,529,365 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 7,865,599 |
| TOTAL EQUITY | 7,865,599 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 85,394,964 |
| INCOME & EXPENSE | |
| Loan Income | 2,349,666 |
| Investment Income | 185,658 |
| Other Income | 359,068 |
| Total Employee Compensation & Benefits | 1,515,598 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 887,973 |
| Non-operating Income & (Expense) | 1,204 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 63,000 |
| Cost of Funds | 331,678 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 280,769 |
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