Dec, 31, 2023 — CINCINNATI INTERAGENCY FEDERAL CREDIT UNION is a federal credit union headquartered in CINCINNATI, OH with 3 branch locations and about $33.93 million in total assets. Opened 73 years ago in 1951, CINCINNATI INTERAGENCY FEDERAL CREDIT UNION has about 2,232 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: | CINCINNATI INTERAGENCY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 26 Martin Luther King Dr W CINCINNATI, OH 45220-2242 |
| Phone: | (513) 569-7878 |
| Fax: | (513) 569-7836 |
| Website: | https://www.cifcu.org |
| Branches: | 3 branch locations |
| Members: | 2,232 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7088 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | May 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,934,067 |
| CEO/Manager: | Karen E Anderson |
| Chairperson: | John M Yacher |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,975,401 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 2,668,336 |
| Unsecured Loans | 3,524,205 |
| Other Loans | 7,663,833 |
| TOTAL LOANS | 13,856,374 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -254,294 |
| Land And Building | 0 |
| Other Fixed Assets | 14,654 |
| NCUSIF Deposit | 290,325 |
| All Other Assets | 0 |
| TOTAL ASSETS | 33,934,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 227,714 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,581,934 |
| Regular shares | 17,113,472 |
| All Other Shares & Deposits | 4,505,777 |
| TOTAL SHARES & DEPOSITS | 29,201,184 |
| TOTAL LIABILITIES | 29,428,898 |
| Regular Reserve | 0 |
| Other Reserves | 143,396 |
| Undivided Earnings | 4,361,773 |
| TOTAL EQUITY | 4,505,169 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,934,067 |
| INCOME & EXPENSE | |
| Loan Income | 809,306 |
| Investment Income | 500,290 |
| Other Income | 73,767 |
| Total Employee Compensation & Benefits | 538,125 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 524,938 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 230,000 |
| Cost of Funds | 11,522 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 208,733 |
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