DES MOINES WATER WORKS CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — DES MOINES WATER WORKS CREDIT UNION is a federally insured state chartered credit union headquartered in Des Moines, IA with 1 branch location and about $1.12 million in total assets. Opened 91 years ago in 1933, DES MOINES WATER WORKS CREDIT UNION has about 373 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | DES MOINES WATER WORKS CREDIT UNION |
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Address: (Main Office) | 2201 George Flagg Parkway Des Moines, IA 50321 |
Phone: | (515) 282-1908 |
Fax: | (515) 883-2768 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 373 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63486 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Jun 01, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,116,576 |
CEO/Manager: | NORMA THOMPSON THOMPSON |
Chairperson: | Dawn Hinnenkamp |
ASSETS: | $ Amount |
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Cash & Equivalents | 248,630 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 88,884 |
Other Loans | 661,153 |
TOTAL LOANS | 750,037 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,346 |
Land And Building | 0 |
Other Fixed Assets | 3,325 |
NCUSIF Deposit | 12,991 |
All Other Assets | 0 |
TOTAL ASSETS | 1,116,576 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 920 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 984,799 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 984,799 |
TOTAL LIABILITIES | 985,719 |
Regular Reserve | 0 |
Other Reserves | 56,968 |
Undivided Earnings | 73,889 |
TOTAL EQUITY | 130,857 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,116,576 |
INCOME & EXPENSE | |
Loan Income | 8,818 |
Investment Income | 88 |
Other Income | 0 |
Total Employee Compensation & Benefits | 6,163 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 28,331 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,800 |
Cost of Funds | 0 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -56,387 |
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