Dec, 31, 2023 — PUBLIC EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in WATERLOO, IA with 1 branch location and about $35.12 million in total assets. Opened 72 years ago in 1952, PUBLIC EMPLOYEES CREDIT UNION has about 1,890 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PUBLIC EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 624 Franklin St WATERLOO, IA 50703 |
| Phone: | (319) 291-4375 |
| Fax: | (319) 291-2119 |
| Website: | https://www.publicemployeescu.com |
| Branches: | 1 branch locations |
| Members: | 1,890 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64390 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $35,120,226 |
| CEO/Manager: | Lisa Carlo |
| Chairperson: | Paul Huting |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,168,376 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,468,499 |
| Unsecured Loans | 643,638 |
| Other Loans | 8,683,666 |
| TOTAL LOANS | 12,795,803 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,573 |
| Land And Building | 136,366 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 282,016 |
| All Other Assets | 0 |
| TOTAL ASSETS | 35,120,226 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 38,074 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,162,285 |
| Regular shares | 1,756,534 |
| All Other Shares & Deposits | 25,590,123 |
| TOTAL SHARES & DEPOSITS | 30,508,943 |
| TOTAL LIABILITIES | 30,547,017 |
| Regular Reserve | 0 |
| Other Reserves | 900,000 |
| Undivided Earnings | 3,673,209 |
| TOTAL EQUITY | 4,573,209 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 35,120,226 |
| INCOME & EXPENSE | |
| Loan Income | 598,327 |
| Investment Income | 476,873 |
| Other Income | 11,459 |
| Total Employee Compensation & Benefits | 338,962 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 240,024 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 515,202 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 42,328 |
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