Jun, 30, 2024 — ACADEMIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, MO with 1 branch location and about $14.11 million in total assets. Opened 89 years ago in 1936, ACADEMIC EMPLOYEES CREDIT UNION has about 1,433 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ACADEMIC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2804 W Ash St COLUMBIA, MO 65203-4601 |
| Phone: | (573) 445-1845 |
| Fax: | (573) 445-2068 |
| Website: | https://www.academicecu.com |
| Branches: | 1 branch locations |
| Members: | 1,433 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67695 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,111,862 |
| CEO/Manager: | Kelly S Poindexter |
| Chairperson: | Russ Sackreiter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,304,842 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 404,070 |
| Unsecured Loans | 976,797 |
| Other Loans | 5,376,856 |
| TOTAL LOANS | 6,757,723 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,186 |
| Land And Building | 655,015 |
| Other Fixed Assets | 46,648 |
| NCUSIF Deposit | 131,925 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,111,862 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,015 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,563,021 |
| Regular shares | 8,643,360 |
| All Other Shares & Deposits | 166,140 |
| TOTAL SHARES & DEPOSITS | 13,372,521 |
| TOTAL LIABILITIES | 13,412,539 |
| Regular Reserve | 0 |
| Other Reserves | 450,028 |
| Undivided Earnings | 249,295 |
| TOTAL EQUITY | 699,323 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,111,862 |
| INCOME & EXPENSE | |
| Loan Income | 249,669 |
| Investment Income | 41,122 |
| Other Income | 52,325 |
| Total Employee Compensation & Benefits | 150,195 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 238,500 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -383 |
| Cost of Funds | 899 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,289 |
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