Dec, 31, 2023 — PREMIER CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 4 branch locations and about $302.82 million in total assets. Opened 91 years ago in 1933, PREMIER CREDIT UNION has about 17,874 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PREMIER CREDIT UNION |
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Address: (Main Office) | 800 9th St DES MOINES, IA 50309 |
Phone: | (515) 282-1611 |
Fax: | (515) 282-5497 |
Website: | https://www.premiercu.org |
Branches: | 4 branch locations |
Members: | 17,874 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64271 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1933 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $302,821,445 |
CEO/Manager: | Megan Tjernagel |
Chairperson: | Todd Mendenhall |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,399,421 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 190,844,779 |
Unsecured Loans | 13,556,549 |
Other Loans | 70,899,820 |
TOTAL LOANS | 275,399,606 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,054,330 |
Land And Building | 8,856,096 |
Other Fixed Assets | 862,783 |
NCUSIF Deposit | 2,455,698 |
All Other Assets | 0 |
TOTAL ASSETS | 302,821,445 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 721,966 |
Notes & Interest Payable | 6,000,000 |
Accounts Payable & Other Liabilities | 3,081,673 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 52,370,143 |
Regular shares | 55,421,980 |
All Other Shares & Deposits | 159,618,423 |
TOTAL SHARES & DEPOSITS | 267,410,546 |
TOTAL LIABILITIES | 277,214,185 |
Regular Reserve | 0 |
Other Reserves | 8,290,776 |
Undivided Earnings | 17,316,484 |
TOTAL EQUITY | 25,607,260 |
TOTAL LIABILITIES, SHARES, & EQUITY | 302,821,445 |
INCOME & EXPENSE | |
Loan Income | 13,020,384 |
Investment Income | 408,384 |
Other Income | 1,133,155 |
Total Employee Compensation & Benefits | 3,776,629 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,907,682 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 500,200 |
Cost of Funds | 6,111,017 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,074,562 |
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