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PREMIER CREDIT UNION

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
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
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

Call Report

  • First Time Homebuyer Program

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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