Dec, 31, 2023 — TOMAH AREA CREDIT UNION is a federally insured state chartered credit union headquartered in TOMAH, WI with 2 branch locations and about $98.56 million in total assets. Opened 85 years ago in 1939, TOMAH AREA CREDIT UNION has about 6,873 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TOMAH AREA CREDIT UNION |
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Address: (Main Office) | 940 N Superior Ave TOMAH, WI 54660 |
Phone: | (608) 372-4736 |
Fax: | (608) 372-4394 |
Website: | https://www.tacuonline.com |
Branches: | 2 branch locations |
Members: | 6,873 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66615 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1939 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $98,563,372 |
CEO/Manager: | Todd Scholz |
Chairperson: | Paul Wiese |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,629,121 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 39,588,239 |
Unsecured Loans | 1,290,265 |
Other Loans | 13,656,715 |
TOTAL LOANS | 54,554,329 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -173,301 |
Land And Building | 936,168 |
Other Fixed Assets | 57,363 |
NCUSIF Deposit | 834,895 |
All Other Assets | 0 |
TOTAL ASSETS | 98,563,372 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 584 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 868,896 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,688,964 |
Regular shares | 26,407,704 |
All Other Shares & Deposits | 37,634,755 |
TOTAL SHARES & DEPOSITS | 86,731,423 |
TOTAL LIABILITIES | 87,600,903 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 10,962,469 |
TOTAL EQUITY | 10,962,469 |
TOTAL LIABILITIES, SHARES, & EQUITY | 98,563,372 |
INCOME & EXPENSE | |
Loan Income | 2,241,657 |
Investment Income | 1,866,011 |
Other Income | 644,740 |
Total Employee Compensation & Benefits | 1,132,597 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,201,965 |
Non-operating Income & (Expense) | 72,458 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,669 |
Cost of Funds | 726,237 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,794,868 |
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» See also Statement of Financial Condition