Dec, 31, 2023 — UNIVERSITY OF WISCONSIN CREDIT UNION is a federally insured state chartered credit union headquartered in MADISON, WI with 36 branch locations and about $5.30 billion in total assets. Opened 93 years ago in 1931, UNIVERSITY OF WISCONSIN CREDIT UNION has about 348,036 members and employs 935 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY OF WISCONSIN CREDIT UNION |
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Address: (Main Office) | 8033 Excelsior Dr MADISON, WI 53717 |
Phone: | (608) 232-5000 |
Fax: | (608) 232-5044 |
Website: | https://www.uwcu.org |
Branches: | 36 branch locations |
Members: | 348,036 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66492 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1931 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $5,303,715,565 |
CEO/Manager: | Paul Kundert |
Chairperson: | Steven Rick |
ASSETS: | $ Amount |
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Cash & Equivalents | 305,647,346 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 32,432,773 |
Real Estate Loans | 2,180,862,099 |
Unsecured Loans | 467,551,898 |
Other Loans | 1,087,674,968 |
TOTAL LOANS | 3,736,088,965 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,427,399 |
Land And Building | 137,567,355 |
Other Fixed Assets | 114,738,685 |
NCUSIF Deposit | 41,833,340 |
All Other Assets | 212,800 |
TOTAL ASSETS | 5,303,715,565 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 69,971 |
Notes & Interest Payable | 150,000,000 |
Accounts Payable & Other Liabilities | 105,859,336 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,172,624,432 |
Regular shares | 1,248,160,184 |
All Other Shares & Deposits | 2,156,505,742 |
TOTAL SHARES & DEPOSITS | 4,577,290,359 |
TOTAL LIABILITIES | 4,833,219,666 |
Regular Reserve | 0 |
Other Reserves | 91,959,319 |
Undivided Earnings | 378,536,580 |
TOTAL EQUITY | 470,495,899 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,303,715,565 |
INCOME & EXPENSE | |
Loan Income | 184,426,422 |
Investment Income | 26,857,735 |
Other Income | 9,409,134 |
Total Employee Compensation & Benefits | 87,226,226 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 94,046,372 |
Non-operating Income & (Expense) | 33,507 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,380,236 |
Cost of Funds | 58,927,778 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,118,729 |
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