Dec, 31, 2023 — UNITED CREDIT UNION is a federally insured state chartered credit union headquartered in COUNCIL BLUFFS, IA with 1 branch location and about $18.83 million in total assets. Opened 71 years ago in 1953, UNITED CREDIT UNION has about 1,812 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: | UNITED CREDIT UNION |
|---|---|
| Address: (Main Office) | 1900 W Broadway COUNCIL BLUFFS, IA 51501 |
| Phone: | (712) 322-0841 |
| Fax: | (712) 322-0828 |
| Website: | https://www.unitedcreditunion.org |
| Branches: | 1 branch locations |
| Members: | 1,812 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65557 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Nov 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $18,834,063 |
| CEO/Manager: | Andrena L MacLeod |
| Chairperson: | Lindsay Andersen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,284,729 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 632,337 |
| Unsecured Loans | 271,014 |
| Other Loans | 4,333,635 |
| TOTAL LOANS | 5,236,987 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,008 |
| Land And Building | 75,002 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 188,082 |
| All Other Assets | 0 |
| TOTAL ASSETS | 18,834,063 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 136,163 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,953,508 |
| Regular shares | 11,719,854 |
| All Other Shares & Deposits | 1,552,674 |
| TOTAL SHARES & DEPOSITS | 17,226,037 |
| TOTAL LIABILITIES | 17,362,203 |
| Regular Reserve | 0 |
| Other Reserves | 700,000 |
| Undivided Earnings | 771,860 |
| TOTAL EQUITY | 1,471,860 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,834,063 |
| INCOME & EXPENSE | |
| Loan Income | 287,734 |
| Investment Income | 212,367 |
| Other Income | 56,177 |
| Total Employee Compensation & Benefits | 284,394 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 875,124 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 16,000 |
| Cost of Funds | 26,105 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -594,097 |
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