Dec, 31, 2023 — MEMBERSOWN CREDIT UNION is a federally insured state chartered credit union headquartered in LINCOLN, NE with 2 branch locations and about $112.87 million in total assets. Opened 40 years ago in 1984, MEMBERSOWN CREDIT UNION has about 8,953 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MEMBERSOWN CREDIT UNION |
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Address: (Main Office) | 1391 S 33rd St LINCOLN, NE 68510-4508 |
Phone: | (402) 436-5365 |
Fax: | (402) 436-4354 |
Website: | https://www.membersowncu.org |
Branches: | 2 branch locations |
Members: | 8,953 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66268 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1984 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $112,874,704 |
CEO/Manager: | Linda S Carter |
Chairperson: | Paul Barnett |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,188,286 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 15,768,428 |
Unsecured Loans | 9,043,911 |
Other Loans | 43,039,900 |
TOTAL LOANS | 67,852,239 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -514,881 |
Land And Building | 2,215,021 |
Other Fixed Assets | 239,356 |
NCUSIF Deposit | 980,438 |
All Other Assets | 45,184 |
TOTAL ASSETS | 112,874,704 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 5,000,000 |
Accounts Payable & Other Liabilities | 1,549,969 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 12,550,849 |
Regular shares | 47,529,688 |
All Other Shares & Deposits | 36,508,930 |
TOTAL SHARES & DEPOSITS | 96,589,466 |
TOTAL LIABILITIES | 103,139,435 |
Regular Reserve | 0 |
Other Reserves | -3,135,894 |
Undivided Earnings | 12,871,163 |
TOTAL EQUITY | 9,735,269 |
TOTAL LIABILITIES, SHARES, & EQUITY | 112,874,704 |
INCOME & EXPENSE | |
Loan Income | 4,167,530 |
Investment Income | 791,410 |
Other Income | 349,895 |
Total Employee Compensation & Benefits | 1,647,515 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,218,811 |
Non-operating Income & (Expense) | 134 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 255,000 |
Cost of Funds | 851,102 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 948,535 |
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