MUNI EMPLOYEES CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — MUNI EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in OTTUMWA, IA with 1 branch location and about $658,662 in total assets. Opened 72 years ago in 1952, MUNI EMPLOYEES CREDIT UNION has about 227 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MUNI EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 105 E 3RD ST OTTUMWA, IA 52501-2904 |
Phone: | (641) 683-0659 |
Fax: | (641) 683-0659 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 227 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 61360 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Jun 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $658,662 |
CEO/Manager: | Stephanie Nickerson |
Chairperson: | Rachel Thompson |
ASSETS: | $ Amount |
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Cash & Equivalents | 101,917 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 125,016 |
Other Loans | 432,541 |
TOTAL LOANS | 557,557 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,400 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 6,403 |
All Other Assets | 0 |
TOTAL ASSETS | 658,662 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 185 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,058 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 580,980 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 580,980 |
TOTAL LIABILITIES | 584,223 |
Regular Reserve | 0 |
Other Reserves | 49,000 |
Undivided Earnings | 25,439 |
TOTAL EQUITY | 74,439 |
TOTAL LIABILITIES, SHARES, & EQUITY | 658,662 |
INCOME & EXPENSE | |
Loan Income | 18,748 |
Investment Income | 357 |
Other Income | 0 |
Total Employee Compensation & Benefits | 13,643 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,850 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 372 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -272 |
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