Dec, 31, 2023 — ASCENTRA CREDIT UNION is a federally insured state chartered credit union headquartered in BETTENDORF, IA with 9 branch locations and about $534.11 million in total assets. Opened 74 years ago in 1950, ASCENTRA CREDIT UNION has about 42,903 members and employs 167 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ASCENTRA CREDIT UNION |
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Address: (Main Office) | 2019 Grant St BETTENDORF, IA 52722 |
Phone: | (563) 355-0152 |
Fax: | (563) 355-5536 |
Website: | https://www.ascentra.org |
Branches: | 9 branch locations |
Members: | 42,903 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63268 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $534,114,802 |
CEO/Manager: | Linda Andry |
Chairperson: | Tom Gibbs |
ASSETS: | $ Amount |
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Cash & Equivalents | 37,754,839 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 242,841,396 |
Unsecured Loans | 28,280,585 |
Other Loans | 128,314,036 |
TOTAL LOANS | 400,371,559 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,170,677 |
Land And Building | 20,420,593 |
Other Fixed Assets | 2,184,425 |
NCUSIF Deposit | 4,427,124 |
All Other Assets | 0 |
TOTAL ASSETS | 534,114,802 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 16,000,000 |
Accounts Payable & Other Liabilities | 16,579,357 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 156,796,113 |
Regular shares | 138,984,437 |
All Other Shares & Deposits | 154,198,065 |
TOTAL SHARES & DEPOSITS | 449,978,615 |
TOTAL LIABILITIES | 482,660,456 |
Regular Reserve | 0 |
Other Reserves | 18,660,000 |
Undivided Earnings | 32,794,346 |
TOTAL EQUITY | 51,454,346 |
TOTAL LIABILITIES, SHARES, & EQUITY | 534,114,802 |
INCOME & EXPENSE | |
Loan Income | 20,735,544 |
Investment Income | 3,394,535 |
Other Income | 3,797,778 |
Total Employee Compensation & Benefits | 13,374,382 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 13,717,778 |
Non-operating Income & (Expense) | 2,780 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,639,000 |
Cost of Funds | 2,845,028 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,705,429 |
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