Dec, 31, 2023 — EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT PLEASANT, WI with 25 branch locations and about $3.23 billion in total assets. Opened 87 years ago in 1937, EDUCATORS CREDIT UNION has about 230,337 members and employs 524 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EDUCATORS CREDIT UNION |
|---|---|
| Address: (Main Office) | 1326 Willow Rd MOUNT PLEASANT, WI 53177-1917 |
| Phone: | (262) 886-5900 |
| Fax: | |
| Website: | https://www.ecu.com |
| Branches: | 25 branch locations |
| Members: | 230,337 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66448 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,226,162,047 |
| CEO/Manager: | Linda B Hoover |
| Chairperson: | Mary Lueneburg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 143,191,322 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 666,900 |
| Real Estate Loans | 1,436,748,169 |
| Unsecured Loans | 245,955,977 |
| Other Loans | 566,110,901 |
| TOTAL LOANS | 2,249,141,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,092,430 |
| Land And Building | 43,820,188 |
| Other Fixed Assets | 9,839,143 |
| NCUSIF Deposit | 28,163,375 |
| All Other Assets | 225,109 |
| TOTAL ASSETS | 3,226,162,047 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,617,286 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 99,572,499 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 550,607,507 |
| Regular shares | 922,739,574 |
| All Other Shares & Deposits | 1,328,242,483 |
| TOTAL SHARES & DEPOSITS | 2,801,589,563 |
| TOTAL LIABILITIES | 2,902,787,628 |
| Regular Reserve | 0 |
| Other Reserves | -82,009,862 |
| Undivided Earnings | 405,384,281 |
| TOTAL EQUITY | 323,374,419 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,226,162,047 |
| INCOME & EXPENSE | |
| Loan Income | 99,308,875 |
| Investment Income | 50,103,462 |
| Other Income | 19,007,419 |
| Total Employee Compensation & Benefits | 46,164,371 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,529,815 |
| Non-operating Income & (Expense) | 11,546,656 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,727,680 |
| Cost of Funds | 56,506,148 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 44,036,934 |
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» See also Statement of Financial Condition