Dec, 31, 2023 — YOUR HOMETOWN FEDERAL CREDIT UNION is a federal credit union headquartered in MAYFIELD, KY with 1 branch location and about $27.62 million in total assets. Opened 59 years ago in 1965, YOUR HOMETOWN FEDERAL CREDIT UNION has about 2,522 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | YOUR HOMETOWN FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2338 State Route 45 N MAYFIELD, KY 42066 |
| Phone: | (270) 247-6458 |
| Fax: | (270) 247-8316 |
| Website: | https://www.yourhometownfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,522 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 16702 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1965 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,616,183 |
| CEO/Manager: | Mark Spillman |
| Chairperson: | Denny K Foy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,106,380 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,026,322 |
| Unsecured Loans | 387,540 |
| Other Loans | 5,173,430 |
| TOTAL LOANS | 13,587,292 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,468 |
| Land And Building | 33,674 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 265,937 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,616,183 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 127,399 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,058,434 |
| Regular shares | 14,397,909 |
| All Other Shares & Deposits | 4,581,335 |
| TOTAL SHARES & DEPOSITS | 25,037,678 |
| TOTAL LIABILITIES | 25,165,077 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,451,106 |
| TOTAL EQUITY | 2,451,106 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,616,183 |
| INCOME & EXPENSE | |
| Loan Income | 670,722 |
| Investment Income | 329,885 |
| Other Income | 207,505 |
| Total Employee Compensation & Benefits | 322,398 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 497,056 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,714 |
| Cost of Funds | 134,649 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 246,176 |
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