HOMETOWN CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.hometowncuia.com for more information.
Dec, 31, 2023 — HOMETOWN CREDIT UNION is a federally insured state chartered credit union headquartered in Shenandoah, IA with 1 branch location and about $2.93 million in total assets. Opened 46 years ago in 1978, HOMETOWN CREDIT UNION has about 828 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOMETOWN CREDIT UNION |
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Address: (Main Office) | 301 Maple St., #3 Shenandoah, IA 51601 |
Phone: | (712) 246-4449 |
Fax: | (712) 246-6146 |
Website: | https://www.hometowncuia.com |
Branches: | 1 branch locations |
Members: | 828 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65445 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Mar 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,927,139 |
CEO/Manager: | Michele Welchans |
Chairperson: |
ASSETS: | $ Amount |
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Cash & Equivalents | 298,744 |
TOTAL INVESTMENTS | 50,000 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 247,558 |
Other Loans | 2,394,398 |
TOTAL LOANS | 2,641,956 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -88,698 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 22,822 |
All Other Assets | 2,315 |
TOTAL ASSETS | 2,927,139 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 601 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 12,120 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 491,692 |
All Other Shares & Deposits | 1,858,616 |
TOTAL SHARES & DEPOSITS | 2,350,308 |
TOTAL LIABILITIES | 2,363,029 |
Regular Reserve | 129,779 |
Other Reserves | 0 |
Undivided Earnings | 434,331 |
TOTAL EQUITY | 564,110 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,927,139 |
INCOME & EXPENSE | |
Loan Income | 165,779 |
Investment Income | 909 |
Other Income | 388 |
Total Employee Compensation & Benefits | 72,870 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 70,993 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 15,780 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,870 |
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