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EDISON CREDIT UNION

Dec, 31, 2023 — EDISON CREDIT UNION is a federally insured state chartered credit union headquartered in KANSAS CITY, MO with 1 branch location and about $32.13 million in total assets. Opened 96 years ago in 1928, EDISON CREDIT UNION has about 3,256 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:EDISON CREDIT UNION
Address:
(Main Office)
4200 E FRONT ST
KANSAS CITY, MO 64120
Phone:(816) 231-3380
Fax:(816) 483-8814
Website:https://edisoncu.com
Branches:1 branch locations
Members:3,256
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67929
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1928
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$32,133,700
CEO/Manager:Salvatore R Nuccio
Chairperson:Michael Quarles

Call Report

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,028,139
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 12,084,359
 Unsecured Loans 394,254
 Other Loans 6,563,094
 TOTAL LOANS 19,474,049
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -73,773
 Land And Building 276,948
 Other Fixed Assets 2,602
 NCUSIF Deposit 299,797
 All Other Assets 14,000
  TOTAL ASSETS 32,133,700
LIABILITIES & CAPITAL:  
 Dividends Payable 10,105
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 332,015
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,308,833
 Regular shares 16,226,333
 All Other Shares & Deposits 4,894,143
  TOTAL SHARES & DEPOSITS 28,429,310
  TOTAL LIABILITIES 28,771,430
 Regular Reserve 0
 Other Reserves 1,483,769
 Undivided Earnings 1,878,501
  TOTAL EQUITY 3,362,270
  TOTAL LIABILITIES, SHARES, & EQUITY 32,133,700
INCOME & EXPENSE  
 Loan Income 984,040
 Investment Income 160,462
 Other Income 104,253
 Total Employee Compensation & Benefits 642,437
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 585,246
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 32,843
 Cost of Funds 45,559
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 80,844
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