Dec, 31, 2023 — CLOVERBELT CREDIT UNION is a federally insured state chartered credit union headquartered in WAUSAU, WI with 3 branch locations and about $314.88 million in total assets. Opened 88 years ago in 1936, CLOVERBELT CREDIT UNION has about 16,651 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CLOVERBELT CREDIT UNION |
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Address: (Main Office) | 110 McIndoe St WAUSAU, WI 54403-4742 |
Phone: | (715) 842-5693 |
Fax: | (715) 842-0946 |
Website: | https://www.ccuwausau.com |
Branches: | 3 branch locations |
Members: | 16,651 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66844 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $314,880,684 |
CEO/Manager: | Paul J Chittum |
Chairperson: | Eldon Pagel |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,902,876 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 163,085,479 |
Unsecured Loans | 3,153,694 |
Other Loans | 74,086,275 |
TOTAL LOANS | 240,325,448 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -434,000 |
Land And Building | 6,648,619 |
Other Fixed Assets | 629,563 |
NCUSIF Deposit | 2,585,839 |
All Other Assets | 4,500 |
TOTAL ASSETS | 314,880,684 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 421,639 |
Notes & Interest Payable | 2,500,000 |
Accounts Payable & Other Liabilities | 1,682,922 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 37,566,281 |
Regular shares | 82,781,502 |
All Other Shares & Deposits | 151,259,911 |
TOTAL SHARES & DEPOSITS | 271,607,694 |
TOTAL LIABILITIES | 276,213,755 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 38,666,929 |
TOTAL EQUITY | 38,666,929 |
TOTAL LIABILITIES, SHARES, & EQUITY | 314,880,684 |
INCOME & EXPENSE | |
Loan Income | 10,072,817 |
Investment Income | 1,023,998 |
Other Income | 1,043,606 |
Total Employee Compensation & Benefits | 4,046,582 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,995,321 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 123,246 |
Cost of Funds | 4,651,960 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 675,195 |
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» See also Statement of Financial Condition