Dec, 31, 2023 — TAYLOR CREDIT UNION is a federally insured state chartered credit union headquartered in MEDFORD, WI with 7 branch locations and about $77.18 million in total assets. Opened 73 years ago in 1951, TAYLOR CREDIT UNION has about 7,577 members and employs 23 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TAYLOR CREDIT UNION |
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Address: (Main Office) | 825 E Allman St MEDFORD, WI 54451 |
Phone: | (715) 748-2447 |
Fax: | (715) 748-2012 |
Website: | https://taylorcu.org |
Branches: | 7 branch locations |
Members: | 7,577 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66388 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $77,179,600 |
CEO/Manager: | Daniel H Krause |
Chairperson: | Michael Handel |
ASSETS: | $ Amount |
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Cash & Equivalents | 7,606,628 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 22,416,547 |
Unsecured Loans | 1,322,965 |
Other Loans | 26,520,111 |
TOTAL LOANS | 50,274,053 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -268,848 |
Land And Building | 2,363,508 |
Other Fixed Assets | 306,871 |
NCUSIF Deposit | 705,538 |
All Other Assets | 0 |
TOTAL ASSETS | 77,179,600 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,119,876 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,185,441 |
Regular shares | 29,505,788 |
All Other Shares & Deposits | 23,939,394 |
TOTAL SHARES & DEPOSITS | 68,630,623 |
TOTAL LIABILITIES | 69,750,819 |
Regular Reserve | 0 |
Other Reserves | 1,483,695 |
Undivided Earnings | 5,945,086 |
TOTAL EQUITY | 7,428,781 |
TOTAL LIABILITIES, SHARES, & EQUITY | 77,179,600 |
INCOME & EXPENSE | |
Loan Income | 2,185,608 |
Investment Income | 750,098 |
Other Income | 267,364 |
Total Employee Compensation & Benefits | 1,447,522 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,434,063 |
Non-operating Income & (Expense) | -1,272 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,238 |
Cost of Funds | 430,793 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 489,101 |
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