Dec, 31, 2023 — MOLINE MUNICIPAL CREDIT UNION is a federally insured state chartered credit union headquartered in MOLINE, IL with 2 branch locations and about $49.75 million in total assets. Opened 88 years ago in 1936, MOLINE MUNICIPAL CREDIT UNION has about 2,813 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MOLINE MUNICIPAL CREDIT UNION |
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Address: (Main Office) | 1618 15th St MOLINE, IL 61265-3982 |
Phone: | (309) 797-2185 |
Fax: | (309) 797-0511 |
Website: | https://www.molinecu.org |
Branches: | 2 branch locations |
Members: | 2,813 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60186 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $49,745,353 |
CEO/Manager: | Connie Adkison |
Chairperson: | Brian Vyncke |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,474,704 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 19,397,820 |
Unsecured Loans | 3,429,515 |
Other Loans | 16,873,707 |
TOTAL LOANS | 39,701,042 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -244,191 |
Land And Building | 20,000 |
Other Fixed Assets | 40,604 |
NCUSIF Deposit | 411,352 |
All Other Assets | 81,657 |
TOTAL ASSETS | 49,745,353 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 12,045 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 237,016 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 6,180,248 |
Regular shares | 25,668,270 |
All Other Shares & Deposits | 9,857,714 |
TOTAL SHARES & DEPOSITS | 41,706,233 |
TOTAL LIABILITIES | 41,955,294 |
Regular Reserve | 0 |
Other Reserves | 1,949,845 |
Undivided Earnings | 5,840,214 |
TOTAL EQUITY | 7,790,059 |
TOTAL LIABILITIES, SHARES, & EQUITY | 49,745,353 |
INCOME & EXPENSE | |
Loan Income | 1,802,984 |
Investment Income | 309,445 |
Other Income | 187,699 |
Total Employee Compensation & Benefits | 750,881 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 667,119 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 110,830 |
Cost of Funds | 242,592 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 719,106 |
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