BABEL BAHR · Title: BABEL BAHR Created Date: 6/15/2017 1:24:15 PM
2019...John Schultz, Chair Larry Bahr, Vice Chair Thomas Keil, Secretary Jill Pickett, Treasurer...
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1/20 MISSION STATEMENT Building Financial Strength for Your Everyday Life ... Together UnitedOne Credit Union is open to everyone living or working in Manitowoc, Sheboygan, Kewaunee and Door Counties. Your 2019 UnitedOne Board of Directors John Schultz, Chair Larry Bahr, Vice Chair Thomas Keil, Secretary Jill Pickett, Treasurer Katelyn Burton Luke Kelly Sherry Rezba Beth Snyder Jake Wenzel Assets 2018 2019 Cash $ 4,781,772 $ 5,901,934 Net Loans 189,874,802 197,958,203 Investments 12,843,470 11,798,023 Furniture & Fixtures 2,679,802 2,201,874 Land & Buildings 3,030,837 3,778,745 Other Assets 1,162,474 950,787 Total Assets $ 214,373,157 $ 222,589,566 Liabilities 2018 2019 Savings $180,730,262 $189,250,943 Reserves 27,748,880 28,930,948 Accrued Interest 41,725 91,002 Notes Payable 3,000,000 2,000,000 Other Liabilities 2,852,290 2,316,673 Total Liabilities $ 214,373,157 $ 222,589,566 Distribution of 2019 Income Gross Income $13,258,042 Dividends $ 973,897 Operating Expenses $11,199,885 Reserves $ 1,084,260 $13,258,042 Income 2018 2019 Interest on Loans $ 8,064,982 $ 8,866,876 Income on Investments 375,868 294,959 NCUSIF Corp. Stabilization 139,008 29,780 Other Income 3,993,149 4,066,427 Gross Income $12,573,007 $13,258,042 Expenses 2018 2019 Employee Comp. & Benefits $ 5,249,674 $ 5,620,121 Office Occupancy & Operations 3,063,740 3,373,733 Travel & Conference 190,047 138,562 Advertising & Education 376,149 408,208 Loan Servicing 521,657 483,394 Professional & Outside Services 764,963 798,002 Operating Fees 38,580 31,864 Provision for Loan Loss 248,500 286,285 NCUSIF Corp. Stabilization 0 0 Other Expenses 53,518 59,716 Dividends 596,815 973,897 Total Expenses $11,103,643 $12,173,782 Net Income $ 1,469,364 $ 1,084,260 2019 Annual Report MANITOWOC 684-0361 1117 S. 10th St. Walmart SuperCenter SHEBOYGAN 451-8222 3509 Washington Ave. 2122 Superior Ave. The Encore, 733 N. 8th St. Aurora Sheboygan Memorial Medical Center This credit union is federally insured by the National Credit Union Administration. We’re here because you’re here!
Transcript of 2019...John Schultz, Chair Larry Bahr, Vice Chair Thomas Keil, Secretary Jill Pickett, Treasurer...
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M I S S I O N S T A T E M E N T Building Financial Strength for Your Everyday Life ... Together
UnitedOne Credit Union is open to everyone living or working in Manitowoc, Sheboygan,
Kewaunee and Door Counties.
Y o u r 2 0 1 9 U n i t e d O n e B o a r d o f D i r e c t o r s
John Schultz, ChairLarry Bahr, Vice Chair
Thomas Keil, SecretaryJill Pickett, Treasurer
Katelyn BurtonLuke Kelly
Sherry Rezba Beth SnyderJake Wenzel
Assets 2018 2019Cash $ 4,781,772 $ 5,901,934Net Loans 189,874,802 197,958,203
Investments 12,843,470 11,798,023Furniture & Fixtures 2,679,802 2,201,874
Land & Buildings 3,030,837 3,778,745Other Assets 1,162,474 950,787Total Assets $ 214,373,157 $ 222,589,566
Liabilities 2018 2019Savings $180,730,262 $189,250,943Reserves 27,748,880 28,930,948
Accrued Interest 41,725 91,002Notes Payable 3,000,000 2,000,000
Other Liabilities 2,852,290 2,316,673Total Liabilities $ 214,373,157 $ 222,589,566
Distribution of 2019 IncomeGross Income $13,258,042
Dividends $ 973,897Operating Expenses $11,199,885Reserves $ 1,084,260
$13,258,042
Income 2018 2019Interest on Loans $ 8,064,982 $ 8,866,876 Income on Investments 375,868 294,959 NCUSIF Corp. Stabilization 139,008 29,780 Other Income 3,993,149 4,066,427 Gross Income $12,573,007 $13,258,042
Expenses 2018 2019Employee Comp. & Benefits $ 5,249,674 $ 5,620,121
Office Occupancy & Operations 3,063,740 3,373,733
Travel & Conference 190,047 138,562 Advertising & Education 376,149 408,208 Loan Servicing 521,657 483,394 Professional & Outside Services 764,963 798,002 Operating Fees 38,580 31,864 Provision for Loan Loss 248,500 286,285 NCUSIF Corp. Stabilization 0 0Other Expenses 53,518 59,716 Dividends 596,815 973,897 Total Expenses $11,103,643 $12,173,782
Net Income $ 1,469,364 $ 1,084,260
2019 Annual Report
MANITOWOC 684-03611117 S. 10th St. Walmart SuperCenter
SHEBOYGAN 451-82223509 Washington Ave.2122 Superior Ave. The Encore, 733 N. 8th St.Aurora Sheboygan Memorial Medical Center
This credit union is federally insured by the National Credit Union Administration.
We’re here because you’re here!
