Sep, 30, 2025 — 1ST COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in SPARTA, WI with 5 branch locations and about $270.88 million in total assets. Opened 65 years ago in 1961, 1ST COMMUNITY CREDIT UNION has about 15,761 members and employs 54 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1000 W Wisconsin St SPARTA, WI 54656-2230 |
| Phone: | (608) 269-8121 |
| Fax: | (608) 269-1074 |
| Website: | https://www.1stccu.com |
| Branches: | 5 branch locations |
| Members: | 15,761 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67012 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $270,883,751 |
| CEO/Manager: | Brad A Bauges |
| Chairperson: | Wendy Whitehead |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,124,978 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 260,000 |
| Real Estate Loans | 125,646,102 |
| Unsecured Loans | 10,688,242 |
| Other Loans | 82,539,775 |
| TOTAL LOANS | 218,904,549 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -665,554 |
| Land And Building | 8,373,015 |
| Other Fixed Assets | 543,826 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,244,738 |
| All Other Assets | 25,000 |
| TOTAL ASSETS | 270,883,751 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 294,559 |
| Notes & Interest Payable | 2,000,000 |
| Accounts Payable & Other Liabilities | 2,373,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 43,700,050 |
| Regular shares | 71,133,266 |
| All Other Shares & Deposits | 125,494,235 |
| TOTAL SHARES & DEPOSITS | 240,327,551 |
| TOTAL LIABILITIES | 244,995,911 |
| Regular Reserve | 0 |
| Other Reserves | -626,366 |
| Undivided Earnings | 26,514,206 |
| TOTAL EQUITY | 25,887,840 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 270,883,751 |
| INCOME & EXPENSE | |
| Loan Income | 9,757,712 |
| Investment Income | 1,583,938 |
| Other Income | 608,275 |
| Total Employee Compensation & Benefits | 3,770,926 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,505,153 |
| Non-operating Income & (Expense) | -1,823 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 219,333 |
| Cost of Funds | 3,494,101 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,424,753 |
| ↑ Back to Top | |