Dec, 31, 2023 — POLK COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 1 branch location and about $5.09 million in total assets. Opened 69 years ago in 1955, POLK COUNTY CREDIT UNION has about 682 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POLK COUNTY CREDIT UNION |
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Address: (Main Office) | 111 Court Ave Ste 110 DES MOINES, IA 50309-2219 |
Phone: | (515) 244-8647 |
Fax: | (515) 244-3741 |
Website: | https://www.polkcountycreditunion.com/ |
Branches: | 1 branch locations |
Members: | 682 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65039 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,093,395 |
CEO/Manager: | Kristin Katzmann |
Chairperson: | Todd Copley |
ASSETS: | $ Amount |
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Cash & Equivalents | 732,779 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 160,973 |
Other Loans | 4,100,283 |
TOTAL LOANS | 4,261,256 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -55,700 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 53,707 |
All Other Assets | 0 |
TOTAL ASSETS | 5,093,395 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 3,643,528 |
All Other Shares & Deposits | 299,857 |
TOTAL SHARES & DEPOSITS | 3,943,385 |
TOTAL LIABILITIES | 3,943,399 |
Regular Reserve | 0 |
Other Reserves | 249,483 |
Undivided Earnings | 900,513 |
TOTAL EQUITY | 1,149,996 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,093,395 |
INCOME & EXPENSE | |
Loan Income | 257,282 |
Investment Income | 50,269 |
Other Income | 202 |
Total Employee Compensation & Benefits | 164,667 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 54,389 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 36,607 |
Cost of Funds | 31,303 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 40,000 |
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