Dec, 31, 2023 — MEADOWLAND CREDIT UNION is a federally insured state chartered credit union headquartered in SHEBOYGAN FALLS, WI with 0 branch location and about $31.63 million in total assets. Opened 67 years ago in 1957, MEADOWLAND CREDIT UNION has about 2,604 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: | MEADOWLAND CREDIT UNION |
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Address: (Main Office) | 1040 N Main St SHEBOYGAN FALLS, WI 53085 |
Phone: | (920) 467-8105 |
Fax: | (920) 467-8417 |
Website: | https://www.meadowlandcu.org |
Branches: | 0 branch locations |
Members: | 2,604 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66618 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,630,096 |
CEO/Manager: | David Horner |
Chairperson: | Daniel Abts |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,875,660 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 14,861,856 |
Unsecured Loans | 1,667,019 |
Other Loans | 8,101,675 |
TOTAL LOANS | 24,630,550 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,511 |
Land And Building | 570,416 |
Other Fixed Assets | 49,366 |
NCUSIF Deposit | 283,684 |
All Other Assets | 0 |
TOTAL ASSETS | 31,630,096 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 45 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 154,680 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,608,272 |
Regular shares | 12,226,544 |
All Other Shares & Deposits | 12,005,169 |
TOTAL SHARES & DEPOSITS | 28,839,985 |
TOTAL LIABILITIES | 28,994,710 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 2,635,386 |
TOTAL EQUITY | 2,635,386 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,630,096 |
INCOME & EXPENSE | |
Loan Income | 1,093,468 |
Investment Income | 217,096 |
Other Income | 70,492 |
Total Employee Compensation & Benefits | 435,809 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 672,391 |
Non-operating Income & (Expense) | -7,125 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -2,046 |
Cost of Funds | 185,695 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 210,227 |
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