Sep, 30, 2025 — RACINE MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in RACINE, WI with 1 branch location and about $24.67 million in total assets. Opened 73 years ago in 1953, RACINE MUNICIPAL EMPLOYEES CREDIT UNION has about 1,889 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RACINE MUNICIPAL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 1907 Lathrop Ave RACINE, WI 53405-3706 |
| Phone: | (262) 637-7274 |
| Fax: | (262) 637-0491 |
| Website: | https://www.rmecu.org |
| Branches: | 1 branch locations |
| Members: | 1,889 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66622 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,671,770 |
| CEO/Manager: | Nicole M Christensen-Zabler |
| Chairperson: | Scott O Sharp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,617,327 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,987,125 |
| Unsecured Loans | 678,351 |
| Other Loans | 8,908,589 |
| TOTAL LOANS | 15,574,065 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,476 |
| Land And Building | 68,855 |
| Other Fixed Assets | 17,676 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 185,972 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,671,770 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 297,895 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,217,122 |
| Regular shares | 12,328,785 |
| All Other Shares & Deposits | 4,737,702 |
| TOTAL SHARES & DEPOSITS | 21,283,608 |
| TOTAL LIABILITIES | 21,581,503 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,090,267 |
| TOTAL EQUITY | 3,090,267 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,671,770 |
| INCOME & EXPENSE | |
| Loan Income | 557,350 |
| Investment Income | 244,022 |
| Other Income | 47,382 |
| Total Employee Compensation & Benefits | 235,823 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 322,308 |
| Non-operating Income & (Expense) | 8,690 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 43,933 |
| Cost of Funds | 107,146 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 247,828 |
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