Dec, 31, 2023 — SCHOOL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SUPERIOR, WI with 0 branch location and about $2.54 million in total assets. Opened 88 years ago in 1936, SCHOOL EMPLOYEES CREDIT UNION has about 556 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: | SCHOOL EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 3025 Tower Ave SUPERIOR, WI 54880-5369 |
| Phone: | (715) 392-5650 |
| Fax: | (715) 392-7194 |
| Website: | https://secusuperior.com |
| Branches: | 0 branch locations |
| Members: | 556 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66662 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,536,703 |
| CEO/Manager: | Mike Matejka |
| Chairperson: | Jodie Wright |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 415,109 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 149,772 |
| Other Loans | 1,948,962 |
| TOTAL LOANS | 2,098,734 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,702 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 20,421 |
| All Other Assets | 0 |
| TOTAL ASSETS | 2,536,703 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,756 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 5,589 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,544,153 |
| All Other Shares & Deposits | 633,088 |
| TOTAL SHARES & DEPOSITS | 2,177,241 |
| TOTAL LIABILITIES | 2,185,586 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 351,117 |
| TOTAL EQUITY | 351,117 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,536,703 |
| INCOME & EXPENSE | |
| Loan Income | 102,803 |
| Investment Income | 3,907 |
| Other Income | 1,799 |
| Total Employee Compensation & Benefits | 48,447 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 32,769 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,000 |
| Cost of Funds | 18,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,242 |
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