Dec, 31, 2023 — MERCER CREDIT UNION is a federally insured state chartered credit union headquartered in ALEDO, IL with 1 branch location and about $2.76 million in total assets. Opened 55 years ago in 1969, MERCER CREDIT UNION has about 505 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERCER CREDIT UNION |
|---|---|
| Address: (Main Office) | 100 SE 3rd Ave ALEDO, IL 61231-1740 |
| Phone: | (309) 582-2005 |
| Fax: | (309) 582-2005 |
| Website: | https://mercercreditunion.com |
| Branches: | 1 branch locations |
| Members: | 505 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65995 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1969 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,762,041 |
| CEO/Manager: | Jennifer Dixon |
| Chairperson: | Robert Stockham |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 203,500 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 96,404 |
| Other Loans | 1,992,874 |
| TOTAL LOANS | 2,089,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,462 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 24,794 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,762,041 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 13,722 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,162 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,529,808 |
| All Other Shares & Deposits | 854,164 |
| TOTAL SHARES & DEPOSITS | 2,383,974 |
| TOTAL LIABILITIES | 2,399,858 |
| Regular Reserve | 0 |
| Other Reserves | 64,824 |
| Undivided Earnings | 297,359 |
| TOTAL EQUITY | 362,183 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,762,041 |
| INCOME & EXPENSE | |
| Loan Income | 78,707 |
| Investment Income | 17,943 |
| Other Income | 852 |
| Total Employee Compensation & Benefits | 41,860 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,047 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 29,421 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,179 |
| ↑ Back to Top | |