THE HUB-CO CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://hubcocu.com for more information.
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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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