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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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