Dec, 31, 2023 — CITIZENS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in FORT DODGE, IA with 8 branch locations and about $219.58 million in total assets. Opened 84 years ago in 1940, CITIZENS COMMUNITY CREDIT UNION has about 14,242 members and employs 64 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CITIZENS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2012 1st Ave S FORT DODGE, IA 50501-6704 |
| Phone: | (515) 955-5524 |
| Fax: | (515) 955-8241 |
| Website: | https://www.citizenscu.com |
| Branches: | 8 branch locations |
| Members: | 14,242 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66592 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $219,584,361 |
| CEO/Manager: | Dan L Scott |
| Chairperson: | Tim Doyle |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,149,619 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,151,044 |
| Unsecured Loans | 4,168,470 |
| Other Loans | 169,205,822 |
| TOTAL LOANS | 176,525,336 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,226,606 |
| Land And Building | 2,620,817 |
| Other Fixed Assets | 1,231,200 |
| NCUSIF Deposit | 1,815,341 |
| All Other Assets | 0 |
| TOTAL ASSETS | 219,584,361 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 215,817 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,088,813 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 70,940,592 |
| Regular shares | 78,014,616 |
| All Other Shares & Deposits | 27,914,151 |
| TOTAL SHARES & DEPOSITS | 176,869,360 |
| TOTAL LIABILITIES | 180,173,990 |
| Regular Reserve | 0 |
| Other Reserves | 6,832,379 |
| Undivided Earnings | 32,577,992 |
| TOTAL EQUITY | 39,410,371 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 219,584,361 |
| INCOME & EXPENSE | |
| Loan Income | 10,113,637 |
| Investment Income | 1,415,069 |
| Other Income | 2,803,985 |
| Total Employee Compensation & Benefits | 4,121,206 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,187,729 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,113,236 |
| Cost of Funds | 1,183,574 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,323,263 |
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