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THE HUB-CO CREDIT UNION

Dec, 31, 2023 — THE HUB-CO CREDIT UNION is a federally insured state chartered credit union headquartered in Keokuk, IA with 1 branch location and about $23.74 million in total assets. Opened 86 years ago in 1938, THE HUB-CO CREDIT UNION has about 3,109 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:THE HUB-CO CREDIT UNION
Address:
(Main Office)
310 Bank St
Keokuk, IA 52632
Phone:(319) 524-8133
Fax:(319) 524-4132
Website:https://hubcocu.com
Branches:1 branch locations
Members:3,109
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:60678
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1938
Last Audited:Dec 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$23,739,600
CEO/Manager:John Mickelson
Chairperson:Roger Bryant

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,444,133
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,752,975
 Unsecured Loans 554,133
 Other Loans 2,924,457
 TOTAL LOANS 6,231,565
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -58,765
 Land And Building 62,669
 Other Fixed Assets 24,205
 NCUSIF Deposit 205,165
 All Other Assets 0
  TOTAL ASSETS 23,739,600
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 95,414
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,111,283
 Regular shares 16,173,251
 All Other Shares & Deposits 1,297,968
  TOTAL SHARES & DEPOSITS 21,582,502
  TOTAL LIABILITIES 21,677,916
 Regular Reserve 0
 Other Reserves 2,081,522
 Undivided Earnings -19,838
  TOTAL EQUITY 2,061,684
  TOTAL LIABILITIES, SHARES, & EQUITY 23,739,600
INCOME & EXPENSE  
 Loan Income 261,951
 Investment Income 83,785
 Other Income 46,918
 Total Employee Compensation & Benefits 137,620
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 226,345
 Non-operating Income & (Expense) 2,450
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 13,500
 Cost of Funds 37,530
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -19,891
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