Dec, 31, 2023 — M.E. EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in WAUSAU, WI with 1 branch location and about $17.89 million in total assets. Opened 92 years ago in 1932, M.E. EMPLOYEES CREDIT UNION has about 1,354 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: | M.E. EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 E Randolph St WAUSAU, WI 54401 |
| Phone: | (715) 675-8296 |
| Fax: | (715) 675-4566 |
| Website: | https://meecu.org |
| Branches: | 1 branch locations |
| Members: | 1,354 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66862 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $17,894,958 |
| CEO/Manager: | Tracie L Wills |
| Chairperson: | Christopher Voll |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 946,851 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,086,127 |
| Unsecured Loans | 529,534 |
| Other Loans | 4,356,715 |
| TOTAL LOANS | 15,972,376 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -178,708 |
| Land And Building | 697,824 |
| Other Fixed Assets | 35,523 |
| NCUSIF Deposit | 154,673 |
| All Other Assets | 87,873 |
| TOTAL ASSETS | 17,894,958 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 87,753 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 78,780 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,252,676 |
| Regular shares | 7,368,316 |
| All Other Shares & Deposits | 7,286,291 |
| TOTAL SHARES & DEPOSITS | 15,907,283 |
| TOTAL LIABILITIES | 16,073,816 |
| Regular Reserve | 0 |
| Other Reserves | 1,691,663 |
| Undivided Earnings | 129,479 |
| TOTAL EQUITY | 1,821,142 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 17,894,958 |
| INCOME & EXPENSE | |
| Loan Income | 664,686 |
| Investment Income | 34,122 |
| Other Income | 2,884 |
| Total Employee Compensation & Benefits | 246,720 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 280,361 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,500 |
| Cost of Funds | 236,334 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 315 |
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