Sep, 30, 2025 — SIMPLICITY CREDIT UNION is a federally insured state chartered credit union headquartered in MARSHFIELD, WI with 8 branch locations and about $522.04 million in total assets. Opened 77 years ago in 1949, SIMPLICITY CREDIT UNION has about 28,554 members and employs 122 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIMPLICITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 222 E Upham St MARSHFIELD, WI 54449-1543 |
| Phone: | (715) 387-3702 |
| Fax: | (715) 387-3746 |
| Website: | https://www.simplicity.coop |
| Branches: | 8 branch locations |
| Members: | 28,554 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66678 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1949 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $522,043,740 |
| CEO/Manager: | Nicholas J Faber |
| Chairperson: | Mark Page |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,412,604 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 335,204 |
| Real Estate Loans | 256,591,877 |
| Unsecured Loans | 17,089,023 |
| Other Loans | 147,577,637 |
| TOTAL LOANS | 430,120,215 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,925,565 |
| Land And Building | 7,499,633 |
| Other Fixed Assets | 774,680 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,028,455 |
| All Other Assets | 130,641 |
| TOTAL ASSETS | 522,043,740 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,003 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 5,975,117 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,519,937 |
| Regular shares | 154,230,995 |
| All Other Shares & Deposits | 218,876,148 |
| TOTAL SHARES & DEPOSITS | 450,627,080 |
| TOTAL LIABILITIES | 471,608,504 |
| Regular Reserve | 0 |
| Other Reserves | 3,096,611 |
| Undivided Earnings | 47,338,625 |
| TOTAL EQUITY | 50,435,236 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 522,043,740 |
| INCOME & EXPENSE | |
| Loan Income | 18,201,672 |
| Investment Income | 3,307,461 |
| Other Income | 894,357 |
| Total Employee Compensation & Benefits | 7,694,097 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 6,609,695 |
| Non-operating Income & (Expense) | 2,362 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,106,744 |
| Cost of Funds | 7,694,982 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,729,367 |
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