Dec, 31, 2023 — DAY AIR CREDIT UNION is a federally insured state chartered credit union headquartered in KETTERING, OH with 5 branch locations and about $790.65 million in total assets. Opened 80 years ago in 1944, DAY AIR CREDIT UNION has about 51,079 members and employs 107 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DAY AIR CREDIT UNION |
|---|---|
| Address: (Main Office) | 3501 Wilmington Pike KETTERING, OH 45429 |
| Phone: | (937) 643-2160 |
| Fax: | (937) 643-3886 |
| Website: | https://www.dayair.org |
| Branches: | 5 branch locations |
| Members: | 51,079 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66835 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1944 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $790,646,394 |
| CEO/Manager: | William Burke |
| Chairperson: | Tim Brown |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 61,794,938 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 230,964 |
| Real Estate Loans | 290,979,190 |
| Unsecured Loans | 26,615,245 |
| Other Loans | 308,841,922 |
| TOTAL LOANS | 626,436,359 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,335,043 |
| Land And Building | 9,952,130 |
| Other Fixed Assets | 1,331,344 |
| NCUSIF Deposit | 5,671,574 |
| All Other Assets | 1,775,445 |
| TOTAL ASSETS | 790,646,394 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 48,580,997 |
| Accounts Payable & Other Liabilities | 8,667,718 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 101,830,554 |
| Regular shares | 138,674,067 |
| All Other Shares & Deposits | 402,719,283 |
| TOTAL SHARES & DEPOSITS | 643,223,904 |
| TOTAL LIABILITIES | 700,530,965 |
| Regular Reserve | 0 |
| Other Reserves | -6,474,373 |
| Undivided Earnings | 96,589,802 |
| TOTAL EQUITY | 90,115,429 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 790,646,394 |
| INCOME & EXPENSE | |
| Loan Income | 32,164,169 |
| Investment Income | 3,000,999 |
| Other Income | 5,209,545 |
| Total Employee Compensation & Benefits | 9,114,123 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,592,730 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,386,580 |
| Cost of Funds | 14,173,581 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 9,752,559 |
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