Jun, 30, 2024 — QUANTUM CREDIT UNION is a federally insured state chartered credit union headquartered in WICHITA, KS with 4 branch locations and about $144.46 million in total assets. Opened 86 years ago in 1938, QUANTUM CREDIT UNION has about 11,361 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QUANTUM CREDIT UNION |
|---|---|
| Address: (Main Office) | 6300 W 21st St N WICHITA, KS 67205 |
| Phone: | (316) 263-5756 |
| Fax: | (316) 263-5757 |
| Website: | https://www.theq.org |
| Branches: | 4 branch locations |
| Members: | 11,361 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67187 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $144,463,913 |
| CEO/Manager: | Charles Bullock |
| Chairperson: | Zach Strack |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,471,388 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,380,232 |
| Unsecured Loans | 6,099,039 |
| Other Loans | 72,171,011 |
| TOTAL LOANS | 103,650,282 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -820,322 |
| Land And Building | 1,699,956 |
| Other Fixed Assets | 273,973 |
| NCUSIF Deposit | 1,146,407 |
| All Other Assets | 0 |
| TOTAL ASSETS | 144,463,913 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 89,815 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 1,587,711 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,224,117 |
| Regular shares | 52,040,620 |
| All Other Shares & Deposits | 50,141,913 |
| TOTAL SHARES & DEPOSITS | 124,406,650 |
| TOTAL LIABILITIES | 131,084,176 |
| Regular Reserve | 0 |
| Other Reserves | 3,631,442 |
| Undivided Earnings | 9,748,295 |
| TOTAL EQUITY | 13,379,737 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 144,463,913 |
| INCOME & EXPENSE | |
| Loan Income | 3,134,914 |
| Investment Income | 267,644 |
| Other Income | 1,110,704 |
| Total Employee Compensation & Benefits | 1,757,868 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,321,310 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 236,356 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 498,375 |
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