Dec, 31, 2023 — SUMMIT RIDGE CREDIT UNION is a federally insured state chartered credit union headquartered in LEES SUMMIT, MO with 1 branch location and about $21.32 million in total assets. Opened 69 years ago in 1955, SUMMIT RIDGE CREDIT UNION has about 1,862 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUMMIT RIDGE CREDIT UNION |
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Address: (Main Office) | 3485 NE Ralph Powell Rd LEES SUMMIT, MO 64064 |
Phone: | (816) 272-6160 |
Fax: | (816) 272-6266 |
Website: | https://mysrcu.com |
Branches: | 1 branch locations |
Members: | 1,862 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64394 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $21,320,141 |
CEO/Manager: | Sharri Wardlow |
Chairperson: | Norm Beeman |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,354,041 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 43,789 |
Unsecured Loans | 1,652,358 |
Other Loans | 12,438,993 |
TOTAL LOANS | 14,135,140 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -75,929 |
Land And Building | 398,474 |
Other Fixed Assets | 2,476 |
NCUSIF Deposit | 198,437 |
All Other Assets | 0 |
TOTAL ASSETS | 21,320,141 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 146,182 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 105,071 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,138,068 |
Regular shares | 9,377,620 |
All Other Shares & Deposits | 7,853,676 |
TOTAL SHARES & DEPOSITS | 19,369,363 |
TOTAL LIABILITIES | 19,620,616 |
Regular Reserve | 0 |
Other Reserves | 96,544 |
Undivided Earnings | 1,602,981 |
TOTAL EQUITY | 1,699,525 |
TOTAL LIABILITIES, SHARES, & EQUITY | 21,320,141 |
INCOME & EXPENSE | |
Loan Income | 865,743 |
Investment Income | 117,907 |
Other Income | 85,185 |
Total Employee Compensation & Benefits | 334,630 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 409,164 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 64,794 |
Cost of Funds | 290,826 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 60,791 |
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