UNIVERSAL CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — UNIVERSAL CREDIT UNION is a federally insured state chartered credit union headquartered in Independence, KS with 1 branch location and about $1.06 million in total assets. Opened 89 years ago in 1935, UNIVERSAL CREDIT UNION has about 254 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 117 S 8th St Independence, KS 67301 |
| Phone: | (620) 331-6320 |
| Fax: | (620) 331-6320 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 254 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64979 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,059,092 |
| CEO/Manager: | Laura Keller |
| Chairperson: | Vernon Shaffer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 696,919 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 19,781 |
| Other Loans | 340,695 |
| TOTAL LOANS | 360,476 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,652 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 8,004 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,059,092 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 238 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 425 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 279,981 |
| All Other Shares & Deposits | 428,750 |
| TOTAL SHARES & DEPOSITS | 708,731 |
| TOTAL LIABILITIES | 709,394 |
| Regular Reserve | 0 |
| Other Reserves | 61,260 |
| Undivided Earnings | 288,438 |
| TOTAL EQUITY | 349,698 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,059,092 |
| INCOME & EXPENSE | |
| Loan Income | 7,991 |
| Investment Income | 1,030 |
| Other Income | 822 |
| Total Employee Compensation & Benefits | 5,145 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,674 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 1,450 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -3,426 |
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