Dec, 31, 2023 — EDUCATORS CREDIT UNION is a federally insured state chartered credit union headquartered in MOUNT PLEASANT, WI with 25 branch locations and about $3.23 billion in total assets. Opened 87 years ago in 1937, EDUCATORS CREDIT UNION has about 230,337 members and employs 524 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EDUCATORS CREDIT UNION |
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Address: (Main Office) | 1326 Willow Rd MOUNT PLEASANT, WI 53177-1917 |
Phone: | (262) 886-5900 |
Fax: | |
Website: | https://www.ecu.com |
Branches: | 25 branch locations |
Members: | 230,337 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66448 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,226,162,047 |
CEO/Manager: | Linda B Hoover |
Chairperson: | Mary Lueneburg |
ASSETS: | $ Amount |
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Cash & Equivalents | 143,191,322 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 666,900 |
Real Estate Loans | 1,436,748,169 |
Unsecured Loans | 245,955,977 |
Other Loans | 566,110,901 |
TOTAL LOANS | 2,249,141,278 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -21,092,430 |
Land And Building | 43,820,188 |
Other Fixed Assets | 9,839,143 |
NCUSIF Deposit | 28,163,375 |
All Other Assets | 225,109 |
TOTAL ASSETS | 3,226,162,047 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,617,286 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 99,572,499 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 550,607,507 |
Regular shares | 922,739,574 |
All Other Shares & Deposits | 1,328,242,483 |
TOTAL SHARES & DEPOSITS | 2,801,589,563 |
TOTAL LIABILITIES | 2,902,787,628 |
Regular Reserve | 0 |
Other Reserves | -82,009,862 |
Undivided Earnings | 405,384,281 |
TOTAL EQUITY | 323,374,419 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,226,162,047 |
INCOME & EXPENSE | |
Loan Income | 99,308,875 |
Investment Income | 50,103,462 |
Other Income | 19,007,419 |
Total Employee Compensation & Benefits | 46,164,371 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 68,529,815 |
Non-operating Income & (Expense) | 11,546,656 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,727,680 |
Cost of Funds | 56,506,148 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 44,036,934 |
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