Dec, 31, 2022 — DILLON CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 2 branch locations and about $63.26 million in total assets. Opened 65 years ago in 1958, DILLON CREDIT UNION has about 4,603 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DILLON CREDIT UNION |
|---|---|
| Address: (Main Office) | 2704 N Lorraine St HUTCHINSON, KS 67502 |
| Phone: | (620) 669-8500 |
| Fax: | (620) 665-5791 |
| Website: | https://www.dilloncu.com |
| Branches: | 2 branch locations |
| Members: | 4,603 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67730 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1958 |
| Last Audited: | Oct 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $63,261,471 |
| CEO/Manager: | Kenneth Scherer |
| Chairperson: | Darin Ackley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,629,645 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 137,973 |
| Real Estate Loans | 18,341,655 |
| Unsecured Loans | 2,256,475 |
| Other Loans | 18,035,806 |
| TOTAL LOANS | 38,633,936 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,686 |
| Land And Building | 935,586 |
| Other Fixed Assets | 53,329 |
| NCUSIF Deposit | 502,176 |
| All Other Assets | 0 |
| TOTAL ASSETS | 63,261,471 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 25,268 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 566,327 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,501,171 |
| Regular shares | 20,076,224 |
| All Other Shares & Deposits | 26,666,499 |
| TOTAL SHARES & DEPOSITS | 54,243,894 |
| TOTAL LIABILITIES | 54,835,489 |
| Regular Reserve | 0 |
| Other Reserves | 1,800,856 |
| Undivided Earnings | 6,625,126 |
| TOTAL EQUITY | 8,425,982 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 63,261,471 |
| INCOME & EXPENSE | |
| Loan Income | 1,169,629 |
| Investment Income | 227,338 |
| Other Income | 199,939 |
| Total Employee Compensation & Benefits | 596,997 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 711,294 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 25,366 |
| Cost of Funds | 192,683 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 269,018 |
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