Dec, 31, 2023 — DILLON CREDIT UNION is a federally insured state chartered credit union headquartered in HUTCHINSON, KS with 2 branch locations and about $65.47 million in total assets. Opened 66 years ago in 1958, DILLON CREDIT UNION has about 4,663 members and employs 11 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: | 4,663 |
| 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: | Nov 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $65,468,715 |
| CEO/Manager: | Kenneth Scherer |
| Chairperson: | Mike Evans |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,769,396 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 236,219 |
| Real Estate Loans | 22,830,282 |
| Unsecured Loans | 2,499,869 |
| Other Loans | 18,942,066 |
| TOTAL LOANS | 44,272,216 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -212,688 |
| Land And Building | 883,061 |
| Other Fixed Assets | 45,246 |
| NCUSIF Deposit | 533,343 |
| All Other Assets | 7,500 |
| TOTAL ASSETS | 65,468,715 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 117,206 |
| Notes & Interest Payable | 1,500,000 |
| Accounts Payable & Other Liabilities | 202,801 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,854,392 |
| Regular shares | 17,455,413 |
| All Other Shares & Deposits | 30,309,946 |
| TOTAL SHARES & DEPOSITS | 54,619,750 |
| TOTAL LIABILITIES | 56,439,757 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,028,958 |
| TOTAL EQUITY | 9,028,958 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 65,468,715 |
| INCOME & EXPENSE | |
| Loan Income | 2,242,760 |
| Investment Income | 555,736 |
| Other Income | 311,579 |
| Total Employee Compensation & Benefits | 744,573 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,019,460 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 141,777 |
| Cost of Funds | 802,425 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 537,471 |
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