Dec, 31, 2023 — SERVICE ONE CREDIT UNION is a federally insured state chartered credit union headquartered in BOWLING GREEN, KY with 7 branch locations and about $274.63 million in total assets. Opened 61 years ago in 1963, SERVICE ONE CREDIT UNION has about 16,658 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SERVICE ONE CREDIT UNION |
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Address: (Main Office) | 1609 Campbell Ln BOWLING GREEN, KY 42104 |
Phone: | (270) 796-8500 |
Fax: | (270) 796-9184 |
Website: | https://www.socu.com |
Branches: | 7 branch locations |
Members: | 16,658 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62484 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $274,632,565 |
CEO/Manager: | Rebecca S Stone |
Chairperson: | James McCaslin |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,571,629 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 130,232,637 |
Unsecured Loans | 42,261,392 |
Other Loans | 55,189,025 |
TOTAL LOANS | 228,486,905 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,292,230 |
Land And Building | 5,646,734 |
Other Fixed Assets | 4,794,922 |
NCUSIF Deposit | 2,221,420 |
All Other Assets | 0 |
TOTAL ASSETS | 274,632,565 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,271 |
Notes & Interest Payable | 33,256,000 |
Accounts Payable & Other Liabilities | 1,813,107 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 63,963,599 |
Regular shares | 67,079,366 |
All Other Shares & Deposits | 87,310,956 |
TOTAL SHARES & DEPOSITS | 218,353,921 |
TOTAL LIABILITIES | 253,426,299 |
Regular Reserve | 0 |
Other Reserves | -1,039,076 |
Undivided Earnings | 22,245,342 |
TOTAL EQUITY | 21,206,266 |
TOTAL LIABILITIES, SHARES, & EQUITY | 274,632,565 |
INCOME & EXPENSE | |
Loan Income | 12,219,066 |
Investment Income | 652,495 |
Other Income | 1,984,594 |
Total Employee Compensation & Benefits | 4,875,705 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,083,782 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 712,059 |
Cost of Funds | 4,196,740 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 440,110 |
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