Dec, 31, 2023 — ACADEMIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in COLUMBIA, MO with 1 branch location and about $14.34 million in total assets. Opened 88 years ago in 1936, ACADEMIC EMPLOYEES CREDIT UNION has about 1,410 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: | 1,410 |
| 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: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,339,572 |
| CEO/Manager: | Kelly S Poindexter |
| Chairperson: | Russ Sackreiter |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,833,711 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 458,895 |
| Unsecured Loans | 1,197,419 |
| Other Loans | 5,920,723 |
| TOTAL LOANS | 7,577,037 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -23,801 |
| Land And Building | 746,621 |
| Other Fixed Assets | 36,042 |
| NCUSIF Deposit | 131,879 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,339,572 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,668 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,686,005 |
| Regular shares | 8,781,029 |
| All Other Shares & Deposits | 57,807 |
| TOTAL SHARES & DEPOSITS | 13,524,842 |
| TOTAL LIABILITIES | 13,545,510 |
| Regular Reserve | 0 |
| Other Reserves | 514,458 |
| Undivided Earnings | 279,604 |
| TOTAL EQUITY | 794,062 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,339,572 |
| INCOME & EXPENSE | |
| Loan Income | 433,239 |
| Investment Income | 75,022 |
| Other Income | 79,764 |
| Total Employee Compensation & Benefits | 204,321 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 345,144 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,721 |
| Cost of Funds | 2,841 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 66,786 |
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