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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |