Dec, 31, 2023 — UNITED LABOR CREDIT UNION is a federally insured state chartered credit union headquartered in RAYTOWN, MO with 1 branch location and about $18.68 million in total assets. Opened 37 years ago in 1987, UNITED LABOR CREDIT UNION has about 4,353 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: | UNITED LABOR CREDIT UNION |
|---|---|
| Address: (Main Office) | 10000 E 66th TER RAYTOWN, MO 64133-5251 |
| Phone: | (816) 313-2848 |
| Fax: | (816) 313-2854 |
| Website: | https://unitedlaborcu.org |
| Branches: | 1 branch locations |
| Members: | 4,353 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67009 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1987 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,680,427 |
| CEO/Manager: | TIM VOGLER |
| Chairperson: | MIKE BYNUM |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 600,564 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 160,346 |
| Unsecured Loans | 1,686,577 |
| Other Loans | 10,242,728 |
| TOTAL LOANS | 12,089,651 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -104,305 |
| Land And Building | 473,187 |
| Other Fixed Assets | 40,416 |
| NCUSIF Deposit | 158,366 |
| All Other Assets | 4,000 |
| TOTAL ASSETS | 18,680,427 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,153 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,296,826 |
| Regular shares | 11,146,827 |
| All Other Shares & Deposits | 2,900,131 |
| TOTAL SHARES & DEPOSITS | 17,343,783 |
| TOTAL LIABILITIES | 17,380,936 |
| Regular Reserve | 0 |
| Other Reserves | 207,318 |
| Undivided Earnings | 1,092,173 |
| TOTAL EQUITY | 1,299,491 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,680,427 |
| INCOME & EXPENSE | |
| Loan Income | 754,087 |
| Investment Income | 184,770 |
| Other Income | 159,052 |
| Total Employee Compensation & Benefits | 473,843 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 455,384 |
| Non-operating Income & (Expense) | 89,352 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 74,166 |
| Cost of Funds | 72,411 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 158,885 |
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