Dec, 31, 2023 — SUPERIOR MUNICIPAL EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SUPERIOR, WI with 1 branch location and about $2.96 million in total assets. Opened 36 years ago in 1988, SUPERIOR MUNICIPAL EMPLOYEES CREDIT UNION has about 544 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SUPERIOR MUNICIPAL EMPLOYEES CREDIT UNION |
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Address: (Main Office) | 1316 N 14th St SUPERIOR, WI 54880 |
Phone: | (715) 392-4466 |
Fax: | (715) 392-4466 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 544 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67237 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1988 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $2,957,123 |
CEO/Manager: | Michael P Conway |
Chairperson: | Dennis Dalbec |
ASSETS: | $ Amount |
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Cash & Equivalents | 286,995 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 136,082 |
Other Loans | 2,442,589 |
TOTAL LOANS | 2,578,670 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,962 |
Land And Building | 0 |
Other Fixed Assets | 1,175 |
NCUSIF Deposit | 28,729 |
All Other Assets | 0 |
TOTAL ASSETS | 2,957,123 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 73,145 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 1,485,761 |
All Other Shares & Deposits | 901,111 |
TOTAL SHARES & DEPOSITS | 2,386,871 |
TOTAL LIABILITIES | 2,460,016 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 497,107 |
TOTAL EQUITY | 497,107 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,957,123 |
INCOME & EXPENSE | |
Loan Income | 128,488 |
Investment Income | 18,415 |
Other Income | 1,466 |
Total Employee Compensation & Benefits | 88,903 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,744 |
Non-operating Income & (Expense) | 2,586 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 41,005 |
Cost of Funds | 41,040 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -49,874 |
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