Dec, 31, 2023 — INDUSTRIAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in CENTERVILLE, IA with 1 branch location and about $9.27 million in total assets. Opened 57 years ago in 1967, INDUSTRIAL EMPLOYEES CREDIT UNION has about 910 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | INDUSTRIAL EMPLOYEES CREDIT UNION |
---|---|
Address: (Main Office) | 1513 S 18th St CENTERVILLE, IA 52544 |
Phone: | (641) 437-7109 |
Fax: | (641) 437-7109 |
Website: | https://industrialemployeescu.com |
Branches: | 1 branch locations |
Members: | 910 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65242 |
---|---|
Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1967 |
Last Audited: | Nov 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,270,924 |
CEO/Manager: | Shona Varese |
Chairperson: | Wendell DeVore |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 578,693 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,596 |
Unsecured Loans | 416,143 |
Other Loans | 4,842,130 |
TOTAL LOANS | 5,696,175 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -71,375 |
Land And Building | 34,884 |
Other Fixed Assets | 808 |
NCUSIF Deposit | 88,092 |
All Other Assets | 0 |
TOTAL ASSETS | 9,270,924 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 436 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 19,774 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 702,543 |
Regular shares | 6,719,384 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 7,421,927 |
TOTAL LIABILITIES | 7,442,137 |
Regular Reserve | 0 |
Other Reserves | 274,923 |
Undivided Earnings | 1,553,864 |
TOTAL EQUITY | 1,828,787 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,270,924 |
INCOME & EXPENSE | |
Loan Income | 251,441 |
Investment Income | 101,497 |
Other Income | 60,068 |
Total Employee Compensation & Benefits | 138,061 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 181,316 |
Non-operating Income & (Expense) | 11,207 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 38,073 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 104,964 |
↑ Back to Top |