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MEMBERS' ADVANTAGE CREDIT UNION

Dec, 31, 2023 — MEMBERS' ADVANTAGE CREDIT UNION is a federally insured state chartered credit union headquartered in WISCONSIN RAPIDS, WI with 2 branch locations and about $181.84 million in total assets. Opened 89 years ago in 1935, MEMBERS' ADVANTAGE CREDIT UNION has about 11,435 members and employs 31 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 275982584
Name:MEMBERS' ADVANTAGE CREDIT UNION
Address:
(Main Office)
1610 Lincoln St
WISCONSIN RAPIDS, WI 54494-5920
Phone:(715) 421-1610
Fax:(715) 421-1617
Website:https://www.membersadvantagecu.com
Branches:2 branch locations
Members:11,435
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66633
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Sep 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$181,844,551
CEO/Manager:Thomas E Bulin
Chairperson:Thomas G Scharff

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,644,251
TOTAL INVESTMENTS 0
Loans Held for Sale 116,825
 
 Real Estate Loans 53,219,998
 Unsecured Loans 2,590,254
 Other Loans 60,586,424
 TOTAL LOANS 118,354,262
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -236,617
 Land And Building 3,489,556
 Other Fixed Assets 334,565
 NCUSIF Deposit 1,364,131
 All Other Assets 30,704
  TOTAL ASSETS 181,844,551
LIABILITIES & CAPITAL:  
 Dividends Payable 294
 Notes & Interest Payable 9,000,000
 Accounts Payable & Other Liabilities 3,239,968
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 24,807,959
 Regular shares 55,996,042
 All Other Shares & Deposits 62,505,969
  TOTAL SHARES & DEPOSITS 143,309,971
  TOTAL LIABILITIES 155,550,233
 Regular Reserve 0
 Other Reserves 1,600,865
 Undivided Earnings 24,693,453
  TOTAL EQUITY 26,294,318
  TOTAL LIABILITIES, SHARES, & EQUITY 181,844,551
INCOME & EXPENSE  
 Loan Income 6,098,230
 Investment Income 454,363
 Other Income 1,375,583
 Total Employee Compensation & Benefits 2,631,084
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,335,098
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 125,436
 Cost of Funds 2,151,115
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,345,271
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