Dec, 31, 2023 — SUPERIOR CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in Superior, WI with 12 branch locations and about $804.12 million in total assets. Opened 92 years ago in 1932, SUPERIOR CHOICE CREDIT UNION has about 41,987 members and employs 160 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUPERIOR CHOICE CREDIT UNION |
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Address: (Main Office) | 1320 Grand Ave. Superior, WI 54880 |
Phone: | (715) 392-5616 |
Fax: | (715) 395-0118 |
Website: | https://www.superiorchoice.com |
Branches: | 12 branch locations |
Members: | 41,987 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67173 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1932 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $804,124,778 |
CEO/Manager: | Tim Foster |
Chairperson: | Mark Casper |
ASSETS: | $ Amount |
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Cash & Equivalents | 41,994,427 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 131,005 |
Real Estate Loans | 401,160,915 |
Unsecured Loans | 29,808,489 |
Other Loans | 206,665,599 |
TOTAL LOANS | 639,284,740 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,793,665 |
Land And Building | 22,441,559 |
Other Fixed Assets | 4,813,037 |
NCUSIF Deposit | 6,101,936 |
All Other Assets | 1,900,858 |
TOTAL ASSETS | 804,124,778 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 364,444 |
Notes & Interest Payable | 76,500,000 |
Accounts Payable & Other Liabilities | 4,514,579 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 155,556,985 |
Regular shares | 164,661,188 |
All Other Shares & Deposits | 342,263,316 |
TOTAL SHARES & DEPOSITS | 662,481,489 |
TOTAL LIABILITIES | 743,930,152 |
Regular Reserve | 0 |
Other Reserves | -3,960,114 |
Undivided Earnings | 64,154,740 |
TOTAL EQUITY | 60,194,626 |
TOTAL LIABILITIES, SHARES, & EQUITY | 804,124,778 |
INCOME & EXPENSE | |
Loan Income | 31,637,376 |
Investment Income | 6,389,793 |
Other Income | 2,456,057 |
Total Employee Compensation & Benefits | 14,366,396 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,103,558 |
Non-operating Income & (Expense) | 1,963,761 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,285,333 |
Cost of Funds | 13,554,979 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -7,104,346 |
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