Dec, 31, 2023 — QUAKER OATS CREDIT UNION is a federally insured state chartered credit union headquartered in CEDAR RAPIDS, IA with 1 branch location and about $12.16 million in total assets. Opened 72 years ago in 1952, QUAKER OATS CREDIT UNION has about 1,407 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | QUAKER OATS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3535 CENTER POINT RD NE CEDAR RAPIDS, IA 52402 |
| Phone: | (319) 395-7060 |
| Fax: | (319) 395-7135 |
| Website: | https://www.quakeroatscu.com |
| Branches: | 1 branch locations |
| Members: | 1,407 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64991 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $12,155,446 |
| CEO/Manager: | Heather Lemke |
| Chairperson: | Ken Owens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,892,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 720,953 |
| Unsecured Loans | 316,681 |
| Other Loans | 5,056,136 |
| TOTAL LOANS | 6,093,770 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,360 |
| Land And Building | 56,000 |
| Other Fixed Assets | 94,653 |
| NCUSIF Deposit | 103,113 |
| All Other Assets | 0 |
| TOTAL ASSETS | 12,155,446 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 175 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 114,593 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,562,606 |
| Regular shares | 4,332,735 |
| All Other Shares & Deposits | 3,352,727 |
| TOTAL SHARES & DEPOSITS | 10,248,068 |
| TOTAL LIABILITIES | 10,362,836 |
| Regular Reserve | 0 |
| Other Reserves | 442,001 |
| Undivided Earnings | 1,350,609 |
| TOTAL EQUITY | 1,792,610 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 12,155,446 |
| INCOME & EXPENSE | |
| Loan Income | 365,871 |
| Investment Income | 241,991 |
| Other Income | 55,835 |
| Total Employee Compensation & Benefits | 243,887 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 284,902 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,500 |
| Cost of Funds | 33,294 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 173,772 |
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